Vodafone Idea to get ₹733 crore tax refund

The Supreme Court on Wednesday directed the government to refund ₹733 crore to Vodafone Idea Ltd in a tax case related to the year ended March 2015 for which assessment has been completed but dismissed the company’s plea seeking refunds for three years following that as scrutiny of tax filings is pending.

The refund for assessment year 2014-15 has to be issued within four weeks, directed the top court’s division bench comprising justices Uday Umesh Lalit and Vineet Saran while hearing an appeal challenging a Delhi high court order of 14 December 2018 on tax refunds.

The high court had turned down an appeal filed by the company seeking a direction to the assessing officer for expeditious processing and issue of a ₹4,759.74 crore refund for 2014-15 to 2017-18.