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 Delhi High Court invalidated BSNL’s cancellation of its contract with Millennium Automation, stressing that serious allegations like collusion require substantial evidence rather than speculation. Justice Sanjeev Narula underscored BSNL’s obligation to act fairly as a state entity, labeling the cancellation as unreasonable and arbitrary, leading to the petition’s approval.