Income Tax dept to refund Rs 733 Cr to Vodafone Idea

Income Tax dept to refund Rs 733 Cr to Vodafone Idea. The telecom operator had sought the amount as part of a tax dispute. Vodafone-Idea is yet to pay Rs 51,000 Cr of AGR dues to govt. The company’s contested total refund worth Rs 4,759 will help clear a part of its statutory dues. The Supreme Court has directed the IT department to refund the amount within 4 weeks.

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