HC orders tax refund of Rs 1128 cr to Vodafone Idea; pulls up I-T dept for laxity and lethargy

The Bombay High Court has directed the Income Tax department to refund Rs 1,128 crore to Vodafone Idea Limited paid by the telecom operator in taxes for the assessment year 2016-2017. The assessment order passed by the department in August this year was “time barred and hence cannot be sustained,” the HC noted in its

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