Bombay HC orders income tax refund of Rs 788 cr to Vodafone within three weeks

The Bombay high court has ordered the income tax department to refund Rs 788.39 crore to Vodafone Idea Limited within three weeks. The money had been held back by the department.

This is the second occasion when the high court has granted relief to the company.

Earlier this month, the two-judge bench comprising justice Akil Kureshi and justice SJ Kathawalla had ordered the tax department to process refund of Rs 374.26 crore due to the company. The amount, arising out of two assessment orders, had been withheld by the department on grounds such as a Re 1 mismatch in the tax deducted at source.