Bombay HC directs tax dept to refund Rs 788.39 crore to Vodafone Idea

MUMBAI: The Bombay High Court has directed the income tax department to refund Rs 788.39 crore to Vodafone Idea Ltd. (VIL) within three weeks, bringing some relief to the loss-making telecom operator which has also sought the government’s help to ease its financial stress.

The refund order – more than Rs 630 crore due to Vodafone India and over Rs 150 crore to Idea Cellular – was issued by the court last week.