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Supreme Court asks Vodafone for pay in tax case

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.

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