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Vodafone wins Rs 8,500 cr transfer pricing case: Here's why it is important

Oct 09, 2015    

The Bombay High Court has set aside an order of Income Tax Appellate Tribunal (ITAT) which said the IT department had powers to raise tax demand on the company in a Rs 8,500 crore transfer pricing case. The move has come as a major relief to the telecom company.Here are key facts about the case and its impact:What is the case all about?The dispute relates to the sale of the Ahmedabad-based call centre business (Vodafone India Services formerly known as 3 Global Services) for assessment year 2008-09. The income tax department issued a notice to the company seeking to add Rs 8,500 crore to the t...

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