Key Points
The Bombay High Court has directed income tax department to refund Rs 1,128 crore paid in taxes to Vodafone Idea..
On the telecom majors claim for refund, Dispute Resolution Panel (DRP) had issued an order on March 25, 2021, which was uploaded on the Income Tax Business Application (ITBA) portal the same day..
In June this year, Vodafone Idea had petitioned the HC against the central processing centre, Bengaluru, and the assistant commissioner of income-tax, questioning the failure to refund excess tax amount on income...
Vodafone Idea contested that the assessing officer failed to pass the final order in terms of the directions of DRP within mandatory 30 days..
The companys senior counsel argued that once DRP order is uploaded and is available when no order is passed in a month, the income declared by Vodafone Idea is deemed to be accepted by the I-T department, and the petitioner, is entitled to a refund of excess tax..
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