 "Vodafone Idea")
In partial relief to Vodafone Idea, the Supreme Court on Wednesday ordered the Income-Tax (I-T) department to refund the telecom company Rs 733 crore, pending for the assessment year (AY) 2014-15, within four weeks. The court also asked the department to conclude proceedings relating to the firm's demand of refunds in respect of AY 2016-17 and 2017-18 as early as possible.
Vodafone Idea, which is facing a financial crisis after the apex court ordered it to pay adjusted gross revenue (AGR) dues and penalties totalling Rs 53,000 crore, will, however, have to wait for other refunds, worth Rs 4,579 crore,
