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 Calcutta High Court issued a stay on a ruling against Vodafone Idea, providing temporary relief while their appeal is considered. The ruling had required the company to obtain a license from the Indian Performing Right Society to use copyrighted music in caller tunes. The stay is in effect until June 24 or further notice.