Bombay HC Directs Income Tax Department To Refund Over Rs.43 Cr To Vodafone Idea With Interest For 6 Years, Withheld For Pending Demand Of 49 Lakhs [Read Order]

The Bombay High Court has directed the income tax department to release the refund of over Rs.43 crore with applicable interest for assessment years 2007-08 to 2013-2014 to Vodafone Idea Limited. A division bench of Justice Akil Kureshi and Justice SJ Kathawalla heard Vodafone's petition against a communication by Deputy Commissioner of Income Tax, Pune withholding the refund of Rs.43 cr...