Vodafone India Services must pay Rs 230 crore: ITAT

Kolkata/Mumbai: The Income Tax Appellate Tribunal (ITAT) on Monday granted a conditional stay to a Vodafone Group Plc entity Vodafone India Services Pvt Ltd (VISPL) in a transfer pricing case, directing the company to pay Rs 230 crore towards a disputed tax demand and provide a corporate guarantee from an associate company worth Rs 900 crore.

Unlisted VISPL, formerly `3 Global Services Pvt Ltd’, which is liable to pay the sum and provide the guarantee, is likely to contest the tribunal ruling in a high court, a lawyer familiar with the matter, told ET.