The Supreme Court has dismissed Vodafone Idea’s appeal seeking a tax refund of Rs 47.6 billion from the government.
The telco had filed for tax refund worth Rs 47.6 billion for the assessment years (AY)- 2014-15, 2015-16, 2016-17 and 2017-18. However, SC has given approval to the tax refund for only AY 2014-15.
To this end, the income tax department has been directed to refund Rs 7.33 billion to the telco within four weeks.
Vodafone Idea had earlier moved the court alleging that the income tax department deliberately withheld the dues since 2018.