Supreme court declines to stay Bombay high court order in Vodafone tax plea case

SC refuses to stay HC verdict on tax demand from Vodafone The Supreme Court on Monday refused to offer any immediate relief to Vodafone, which has challenged the Bombay High Court order allowing the government to tax the company's USD 11 billion deal with Hutch. The tax department had raised a demand for Rs 12,000 crore as tax on the 2007 deal. While refusing to stay the high court order, the apex court issued notices to the tax authorities directing them to decide within four weeks th

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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