Giving partial reduction to Vodafone Idea, the telecom service supplier that was beset by the monetary disaster, the Supreme Court on Wednesday allowed the corporate a tax refund of Rs 733 crore. The high courtroom ordered the Center to refund the quantity inside 4 weeks.
Vodafone Idea demanded a refund of Rs 4700 crore. Justice U.U. A two-member bench headed by Lalit allowed solely Rs 733 crore to be returned and dismissed the case.
According to the order, 'We direct that the quantity of Rs 733 crore be returned to the appellant inside 4 weeks from today, which will likely be beneath any motion which the Revenue Department considers acceptable as per legislation. <! –
We additionally instruct the defendants to conclude the proceedings initiated beneath sub-section (2) of part 143 of the Act in relation to 2016-17 and 2017-18 as quickly as potential. '