The Supreme Cloister on Monday directed Vodafone to drop Rs 2500 crore (USD 550 million) aural three weeks in affiliation to the USD 2.5 billion tax dispute, a Vodafone agent said.
Vodafone has additionally been directed to accomplish a coffer agreement account Rs 8500 crore (USD 1.9 billion) aural eight weeks, the official said.
Supreme Cloister asks Vodafone for drop in tax case
Vodafone, angry a tax bill in India over its 2007 acquirement of Hutchison Whampoa Ltd's adaptable business in the country, had appealed to the Supreme Cloister arduous a lower cloister adjustment that Indian tax authorities had administration over tax bills in cross-border deals.
The tax appointment asked Vodafone to pay Rs 11218 crore (USD 2.53 billion) aural 30 days, but the British close said it "strongly disagrees" with the calculation.