The move has come as a major relief to the telecom company. Here are key facts about the case and its impact: What is the case all about?
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In December , the department sought a tax of Rs 3, crore from the company in this case. 3, crore in taxes in a transfer pricing case. However, a verdict is still awaited in the $ billion capital gains tax case, where the Department had asked Vodafone to pay tax for acquiring Hutchison’s telecom operations in India.
Information about Vodafone Group Plc for the media and investors, including information about the Vodafone Foundation and sustainable business. Even before the court begins hearing the substantive case Vodafone Ghana filed against the GRA in the transfer pricing tax assessment dispute, Vodafone has amended the original writ before the court.
The Indian arm of Vodafone Group Plc won another victory against the tax authorities on October 8, with the Bombay High Court ruling in its favour in a Rs 8,crore transfer-pricing case.
Transfer pricing accounts for as much as 60% of all corporate tax avoidance in some countries. Examples include ballpoint pens valued at $8, each from .