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Bombay High Court rules in favour of Vodafone Group in transfer pricing case

Bombay High Court rules in favour of Vodafone Group in transfer pricing case

Vodafone had appealed against the country's tax office's decision to add about Rs 3200 crore ($523 million) to its taxable income for the financial year 2009/10.

Photo: Reuters Photo: Reuters

Bombay High Court has ruled in favour of British multinational telecom company Vodafone Group Plc in a transfer pricing dispute, the media reported on Friday.

Vodafone had appealed against the country's tax office's decision to add about Rs 3200 crore ($523 million) to its taxable income for the financial year 2009/10, CNBC TV 18 said.

Vodafone is among several multinational companies involved in transfer pricing disputes with Indian tax authorities.

(Reuters)