Telecom company Vodafone got a big relief on Thursday. The Supreme Court on Thursday upheld the Bombay High Court order to refund Vodafone tax of Rs 833 crore. Along with this, the court rejected the appeal of the Central Government (Income Tax Department), which challenged the order of the High Court in view of future dues.
The apex court said that the IT department does not have the right to stop the refund in view of future demands. It may be noted that on 26 June, the High Court had asked the Central Government to refund within 2 weeks. Owes. The Income Tax Department had argued that the refund should be adjusted against the arrears but the Supreme Court upheld the Bombay High Court order and dismissed the government’s appeal.