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

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)