Following the Supreme Court’s order allowing Vodafone Idea’s AGR reassessment up to FY17, Bharti Airtel will now approach the government for similar relief. Gopal Vittal said the company seeks a fair, non-discriminatory review of its dues.
The Supreme Court provided a big relief to Vodafone Idea by ordering a tax refund of Rs 1,128 crore. This amount relates to excess prepaid taxes paid by the telecom company. The court upheld Vodafone Idea’s claim, stating that the government must refund the excess tax amount. This decision comes as a boost for the financially struggling telecom giant.
The Supreme Court strongly criticizes the Indian income-tax department for filing legal challenges against Bharti Airtel Ltd. belatedly, exceeding the allowable period by over four years. This incident highlights a broader concern within the department, emphasizing the need for a more prudent and timely approach to litigation, urging a proper litigation policy.
