The Bombay High Court nullifies the FAO order issued two years after the DRP directive concerning Vodafone Idea.
The proceedings stem from Vodafone Idea’s Return of Income (ROI) for the Assessment Year 2016–2017, which initially reflected a loss. Seeking a refund of prepaid taxes amounting to Rs. 1128.47 crore, encompassing tax deductions at source and advance tax, the petitioner filed this claim. The