Vodafone need not pay Rs.11,000 crore Income Tax -Supreme Court.
Supreme Court has bailed out Vodafone from paying Rs. 11,000 crore Income Tax, stating that the Government has no right to levy income tax on foreign companies for their international deals. The court also ordered that the Rs.2500 crore already paid by the company be returned with 4% interest within 2 months. The Supreme court issued this order on an appeal filed by Vodafone against the order of Bombay High Court asking the company to pay the Rs.11,000 crore income tax.