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SC Rejects Govt’s Review Petition In Tax Case; Vodafone Gets Refund

The Supreme Court of India has rejected the government's review petition in the Vodafone Tax Case, which it had filed after the Cort had passed a judgement in Vodafone's favour. Vodafone has issued a statement informing the media about the Court's decision, and said that it looks forward to the immediate return of its deposit from the government. According a report by NDTV, the government has already refunded the deposit of Rs 2500 crore plus 4% interest to Vodafone. A company spokesperson also confirmed the receipt of the amount to the publication. Vodafone's media statement: “The Supreme Court has dismissed the Indian Tax Authorities review petition against the judgment in the Vodafone case. This once again emphasises the legality and bona fides of the transaction. The Supreme Court’s clear and unambiguous ruling today, based on the existing laws of India, re-iterates…

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