![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
\"We do not see any reason to interfere in the matter. The special leave petition is, accordingly, dismissed. Pending application(s), if any, also stand disposed of,\" the apex court bench comprising Justices U U Lalit and Vineet Saran ruled.
The IT department had contested a July 3 order of the Bombay High Court which had asked the authorities to refund Rs 833 crore to VIL for assessment year (AY) 2014-2015.
Shares of Vodafone Idea closed about 2.7% higher at Rs 8.53 on the BSE on Wednesday.
The apex court's order is part of a larger tax dispute between the telco and the Income Tax department amounting to Rs 4,759 crore and may help the operator to meet its working capital or capex needs, even as it needs to repay around Rs 50,400 crore of adjusted gross revenue dues, say experts.
This is the second such refund that the telco will get and it comes at a time when the telco has told SC in the AGR case that it faces a severe cash crunch with its net worth totally eroded. On April 29, the top court had directed the tax department to refund Rs 733 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea faces around Rs 6,000 crore\/year outflows if AGR repayments spread over 15 years: Analysts<\/a><\/h5><\/div><\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
<\/body>","next_sibling":[{"msid":77110423,"title":"WhatsApp to start pilots for micro-pension, lending in India","entity_type":"ARTICLE","link":"\/news\/whatsapp-to-start-pilots-for-micro-pension-lending-in-india\/77110423","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":77111175,"entity_type":"ARTICLE","title":"Relief for Vodafone Idea: Supreme Court orders IT dept to refund Rs 833 crore","synopsis":"The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. ","titleseo":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4751,"shares":0,"engagementtimems":22679000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore\/articleshow\/77111175.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-07-22 19:55:41","lastupd":"2020-07-22 19:55:41","breadcrumbTags":["Vodafone Idea","vodafone idea tax","Supreme Court","statutory dues","Industry","Mumbai High Court","telecom news","idea cellular"],"secinfo":{"seolocation":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-07-22" data-index="article_1">
- Telecom乐动扑克News
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减免沃达丰的想法:最高法院命令它部门退还833卢比
最高法院周三指示所得税(IT)部门退还833卢比沃达丰想法(维尔),给一些缓解现金拮据的电信负担下数千卢比的法定会费和提振其股价。
孟买:最高法院周三针对所得税(IT)部门退还833卢比沃达丰的想法(垂直注入逻辑),给一些缓解现金拮据的电信在数千卢比法定费和提振其股价。
“我们看不到任何理由干涉此事。特别把请愿书,因此,解雇。等待应用程序(s),如果有的话,也站处理,“法院长椅上由法官U U Lalit和Vineet萨兰统治。
IT部门有争议的孟买高等法院7月3日订单已要求当局退款833卢比维尔进行评估(AY) 2014 - 2015年。
沃达丰股价收盘上涨约2.7%在Rs 8.53周三疯牛病。
法院的命令是一个大的一部分税收争端电信和所得税部门达4759卢比,可以帮助运营商实现其营运资金或资本支出需求,尽管它需要偿还大约50400卢比的调整后的总营收会费,专家说。
这是第二次退款,电信将它适逢电信告诉SC在AGR的情况下,它面临着一个严重的现金短缺的净值完全侵蚀。4月29日,最高法院已经直接退款733卢比的税务部门。
这场战争的起源可以追溯到当电信寻求退款4759卢比的评估年(AY) 2014 - 15 - 2017 - 18。IT部门扣留了金额,声称优秀电信费尚未解决。最高法院提到部门不能拒绝退款对不确定的未来需求。
电信已经与它部门参与各种与税收相关的纠纷,包括价值20000卢比的代扣所得税纠纷相关和记股份购买2007年,目前在国际仲裁。该公司被称为沃达丰移动服务有限公司
维尔,沃达丰印度和合并知道细胞2018年8月,生存是一项艰巨的任务。周一,它要求最高法院允许支付AGR费花了15年时间。它以前曾表示,它将关闭商店如果被迫提前支付会费。
分析师估计,即使其15年的愿望是,电信估计面临5900 - 6253卢比的年度流出范围,根据8%或9%的利率。
<\/span><\/figcaption><\/figure>Mumbai : The Supreme Court<\/a> on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea<\/a> (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues<\/a> and boosting its shares.
\"We do not see any reason to interfere in the matter. The special leave petition is, accordingly, dismissed. Pending application(s), if any, also stand disposed of,\" the apex court bench comprising Justices U U Lalit and Vineet Saran ruled.
The IT department had contested a July 3 order of the Bombay High Court which had asked the authorities to refund Rs 833 crore to VIL for assessment year (AY) 2014-2015.
Shares of Vodafone Idea closed about 2.7% higher at Rs 8.53 on the BSE on Wednesday.
The apex court's order is part of a larger tax dispute between the telco and the Income Tax department amounting to Rs 4,759 crore and may help the operator to meet its working capital or capex needs, even as it needs to repay around Rs 50,400 crore of adjusted gross revenue dues, say experts.
This is the second such refund that the telco will get and it comes at a time when the telco has told SC in the AGR case that it faces a severe cash crunch with its net worth totally eroded. On April 29, the top court had directed the tax department to refund Rs 733 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea faces around Rs 6,000 crore\/year outflows if AGR repayments spread over 15 years: Analysts<\/a><\/h5><\/div><\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
<\/body>","next_sibling":[{"msid":77110423,"title":"WhatsApp to start pilots for micro-pension, lending in India","entity_type":"ARTICLE","link":"\/news\/whatsapp-to-start-pilots-for-micro-pension-lending-in-india\/77110423","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":77111175,"entity_type":"ARTICLE","title":"Relief for Vodafone Idea: Supreme Court orders IT dept to refund Rs 833 crore","synopsis":"The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. ","titleseo":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4751,"shares":0,"engagementtimems":22679000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore\/articleshow\/77111175.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-07-22 19:55:41","lastupd":"2020-07-22 19:55:41","breadcrumbTags":["Vodafone Idea","vodafone idea tax","Supreme Court","statutory dues","Industry","Mumbai High Court","telecom news","idea cellular"],"secinfo":{"seolocation":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore"}}" data-news_link="//www.iser-br.com/news/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore/77111175">
<\/a><\/figure>Vodafone Idea faces around Rs 6,000 crore\/year outflows if AGR repayments spread over 15 years: Analysts<\/a><\/h5><\/div><\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
<\/body>","next_sibling":[{"msid":77110423,"title":"WhatsApp to start pilots for micro-pension, lending in India","entity_type":"ARTICLE","link":"\/news\/whatsapp-to-start-pilots-for-micro-pension-lending-in-india\/77110423","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":77111175,"entity_type":"ARTICLE","title":"Relief for Vodafone Idea: Supreme Court orders IT dept to refund Rs 833 crore","synopsis":"The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. ","titleseo":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4751,"shares":0,"engagementtimems":22679000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore\/articleshow\/77111175.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-07-22 19:55:41","lastupd":"2020-07-22 19:55:41","breadcrumbTags":["Vodafone Idea","vodafone idea tax","Supreme Court","statutory dues","Industry","Mumbai High Court","telecom news","idea cellular"],"secinfo":{"seolocation":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-07-22" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
减免沃达丰的想法:最高法院命令它部门退还833卢比
最高法院周三指示所得税(IT)部门退还833卢比沃达丰想法(维尔),给一些缓解现金拮据的电信负担下数千卢比的法定会费和提振其股价。
孟买:最高法院周三针对所得税(IT)部门退还833卢比沃达丰的想法(垂直注入逻辑),给一些缓解现金拮据的电信在数千卢比法定费和提振其股价。
“我们看不到任何理由干涉此事。特别把请愿书,因此,解雇。等待应用程序(s),如果有的话,也站处理,“法院长椅上由法官U U Lalit和Vineet萨兰统治。
IT部门有争议的孟买高等法院7月3日订单已要求当局退款833卢比维尔进行评估(AY) 2014 - 2015年。
沃达丰股价收盘上涨约2.7%在Rs 8.53周三疯牛病。
法院的命令是一个大的一部分税收争端电信和所得税部门达4759卢比,可以帮助运营商实现其营运资金或资本支出需求,尽管它需要偿还大约50400卢比的调整后的总营收会费,专家说。
这是第二次退款,电信将它适逢电信告诉SC在AGR的情况下,它面临着一个严重的现金短缺的净值完全侵蚀。4月29日,最高法院已经直接退款733卢比的税务部门。
这场战争的起源可以追溯到当电信寻求退款4759卢比的评估年(AY) 2014 - 15 - 2017 - 18。IT部门扣留了金额,声称优秀电信费尚未解决。最高法院提到部门不能拒绝退款对不确定的未来需求。
电信已经与它部门参与各种与税收相关的纠纷,包括价值20000卢比的代扣所得税纠纷相关和记股份购买2007年,目前在国际仲裁。该公司被称为沃达丰移动服务有限公司
维尔,沃达丰印度和合并知道细胞2018年8月,生存是一项艰巨的任务。周一,它要求最高法院允许支付AGR费花了15年时间。它以前曾表示,它将关闭商店如果被迫提前支付会费。
分析师估计,即使其15年的愿望是,电信估计面临5900 - 6253卢比的年度流出范围,根据8%或9%的利率。
<\/span><\/figcaption><\/figure>Mumbai : The Supreme Court<\/a> on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea<\/a> (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues<\/a> and boosting its shares.
\"We do not see any reason to interfere in the matter. The special leave petition is, accordingly, dismissed. Pending application(s), if any, also stand disposed of,\" the apex court bench comprising Justices U U Lalit and Vineet Saran ruled.
The IT department had contested a July 3 order of the Bombay High Court which had asked the authorities to refund Rs 833 crore to VIL for assessment year (AY) 2014-2015.
Shares of Vodafone Idea closed about 2.7% higher at Rs 8.53 on the BSE on Wednesday.
The apex court's order is part of a larger tax dispute between the telco and the Income Tax department amounting to Rs 4,759 crore and may help the operator to meet its working capital or capex needs, even as it needs to repay around Rs 50,400 crore of adjusted gross revenue dues, say experts.
This is the second such refund that the telco will get and it comes at a time when the telco has told SC in the AGR case that it faces a severe cash crunch with its net worth totally eroded. On April 29, the top court had directed the tax department to refund Rs 733 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea faces around Rs 6,000 crore\/year outflows if AGR repayments spread over 15 years: Analysts<\/a><\/h5><\/div><\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
<\/body>","next_sibling":[{"msid":77110423,"title":"WhatsApp to start pilots for micro-pension, lending in India","entity_type":"ARTICLE","link":"\/news\/whatsapp-to-start-pilots-for-micro-pension-lending-in-india\/77110423","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":77111175,"entity_type":"ARTICLE","title":"Relief for Vodafone Idea: Supreme Court orders IT dept to refund Rs 833 crore","synopsis":"The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. ","titleseo":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4751,"shares":0,"engagementtimems":22679000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore\/articleshow\/77111175.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-07-22 19:55:41","lastupd":"2020-07-22 19:55:41","breadcrumbTags":["Vodafone Idea","vodafone idea tax","Supreme Court","statutory dues","Industry","Mumbai High Court","telecom news","idea cellular"],"secinfo":{"seolocation":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore"}}" data-news_link="//www.iser-br.com/news/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore/77111175">
<\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
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- Telecom乐动扑克News
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减免沃达丰的想法:最高法院命令它部门退还833卢比
最高法院周三指示所得税(IT)部门退还833卢比沃达丰想法(维尔),给一些缓解现金拮据的电信负担下数千卢比的法定会费和提振其股价。
孟买:最高法院周三针对所得税(IT)部门退还833卢比沃达丰的想法(垂直注入逻辑),给一些缓解现金拮据的电信在数千卢比法定费和提振其股价。
“我们看不到任何理由干涉此事。特别把请愿书,因此,解雇。等待应用程序(s),如果有的话,也站处理,“法院长椅上由法官U U Lalit和Vineet萨兰统治。
IT部门有争议的孟买高等法院7月3日订单已要求当局退款833卢比维尔进行评估(AY) 2014 - 2015年。
沃达丰股价收盘上涨约2.7%在Rs 8.53周三疯牛病。
法院的命令是一个大的一部分税收争端电信和所得税部门达4759卢比,可以帮助运营商实现其营运资金或资本支出需求,尽管它需要偿还大约50400卢比的调整后的总营收会费,专家说。
这是第二次退款,电信将它适逢电信告诉SC在AGR的情况下,它面临着一个严重的现金短缺的净值完全侵蚀。4月29日,最高法院已经直接退款733卢比的税务部门。
这场战争的起源可以追溯到当电信寻求退款4759卢比的评估年(AY) 2014 - 15 - 2017 - 18。IT部门扣留了金额,声称优秀电信费尚未解决。最高法院提到部门不能拒绝退款对不确定的未来需求。
电信已经与它部门参与各种与税收相关的纠纷,包括价值20000卢比的代扣所得税纠纷相关和记股份购买2007年,目前在国际仲裁。该公司被称为沃达丰移动服务有限公司
维尔,沃达丰印度和合并知道细胞2018年8月,生存是一项艰巨的任务。周一,它要求最高法院允许支付AGR费花了15年时间。它以前曾表示,它将关闭商店如果被迫提前支付会费。
分析师估计,即使其15年的愿望是,电信估计面临5900 - 6253卢比的年度流出范围,根据8%或9%的利率。
<\/span><\/figcaption><\/figure>Mumbai : The Supreme Court<\/a> on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea<\/a> (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues<\/a> and boosting its shares.
\"We do not see any reason to interfere in the matter. The special leave petition is, accordingly, dismissed. Pending application(s), if any, also stand disposed of,\" the apex court bench comprising Justices U U Lalit and Vineet Saran ruled.
The IT department had contested a July 3 order of the Bombay High Court which had asked the authorities to refund Rs 833 crore to VIL for assessment year (AY) 2014-2015.
Shares of Vodafone Idea closed about 2.7% higher at Rs 8.53 on the BSE on Wednesday.
The apex court's order is part of a larger tax dispute between the telco and the Income Tax department amounting to Rs 4,759 crore and may help the operator to meet its working capital or capex needs, even as it needs to repay around Rs 50,400 crore of adjusted gross revenue dues, say experts.
This is the second such refund that the telco will get and it comes at a time when the telco has told SC in the AGR case that it faces a severe cash crunch with its net worth totally eroded. On April 29, the top court had directed the tax department to refund Rs 733 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea faces around Rs 6,000 crore\/year outflows if AGR repayments spread over 15 years: Analysts<\/a><\/h5><\/div><\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
<\/body>","next_sibling":[{"msid":77110423,"title":"WhatsApp to start pilots for micro-pension, lending in India","entity_type":"ARTICLE","link":"\/news\/whatsapp-to-start-pilots-for-micro-pension-lending-in-india\/77110423","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":77111175,"entity_type":"ARTICLE","title":"Relief for Vodafone Idea: Supreme Court orders IT dept to refund Rs 833 crore","synopsis":"The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. ","titleseo":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4751,"shares":0,"engagementtimems":22679000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore\/articleshow\/77111175.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-07-22 19:55:41","lastupd":"2020-07-22 19:55:41","breadcrumbTags":["Vodafone Idea","vodafone idea tax","Supreme Court","statutory dues","Industry","Mumbai High Court","telecom news","idea cellular"],"secinfo":{"seolocation":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore"}}" data-news_link="//www.iser-br.com/news/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore/77111175">
- Telecom乐动扑克News
- 2分钟阅读
减免沃达丰的想法:最高法院命令它部门退还833卢比
最高法院周三指示所得税(IT)部门退还833卢比沃达丰想法(维尔),给一些缓解现金拮据的电信负担下数千卢比的法定会费和提振其股价。
读到
“我们看不到任何理由干涉此事。特别把请愿书,因此,解雇。等待应用程序(s),如果有的话,也站处理,“法院长椅上由法官U U Lalit和Vineet萨兰统治。
IT部门有争议的孟买高等法院7月3日订单已要求当局退款833卢比维尔进行评估(AY) 2014 - 2015年。
沃达丰股价收盘上涨约2.7%在Rs 8.53周三疯牛病。
法院的命令是一个大的一部分税收争端电信和所得税部门达4759卢比,可以帮助运营商实现其营运资金或资本支出需求,尽管它需要偿还大约50400卢比的调整后的总营收会费,专家说。
这是第二次退款,电信将它适逢电信告诉SC在AGR的情况下,它面临着一个严重的现金短缺的净值完全侵蚀。4月29日,最高法院已经直接退款733卢比的税务部门。
这场战争的起源可以追溯到当电信寻求退款4759卢比的评估年(AY) 2014 - 15 - 2017 - 18。IT部门扣留了金额,声称优秀电信费尚未解决。最高法院提到部门不能拒绝退款对不确定的未来需求。
电信已经与它部门参与各种与税收相关的纠纷,包括价值20000卢比的代扣所得税纠纷相关和记股份购买2007年,目前在国际仲裁。该公司被称为沃达丰移动服务有限公司
维尔,沃达丰印度和合并知道细胞2018年8月,生存是一项艰巨的任务。周一,它要求最高法院允许支付AGR费花了15年时间。它以前曾表示,它将关闭商店如果被迫提前支付会费。
分析师估计,即使其15年的愿望是,电信估计面临5900 - 6253卢比的年度流出范围,根据8%或9%的利率。
\"We do not see any reason to interfere in the matter. The special leave petition is, accordingly, dismissed. Pending application(s), if any, also stand disposed of,\" the apex court bench comprising Justices U U Lalit and Vineet Saran ruled.
The IT department had contested a July 3 order of the Bombay High Court which had asked the authorities to refund Rs 833 crore to VIL for assessment year (AY) 2014-2015.
Shares of Vodafone Idea closed about 2.7% higher at Rs 8.53 on the BSE on Wednesday.
The apex court's order is part of a larger tax dispute between the telco and the Income Tax department amounting to Rs 4,759 crore and may help the operator to meet its working capital or capex needs, even as it needs to repay around Rs 50,400 crore of adjusted gross revenue dues, say experts.
This is the second such refund that the telco will get and it comes at a time when the telco has told SC in the AGR case that it faces a severe cash crunch with its net worth totally eroded. On April 29, the top court had directed the tax department to refund Rs 733 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea faces around Rs 6,000 crore\/year outflows if AGR repayments spread over 15 years: Analysts<\/a><\/h5><\/div><\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
<\/body>","next_sibling":[{"msid":77110423,"title":"WhatsApp to start pilots for micro-pension, lending in India","entity_type":"ARTICLE","link":"\/news\/whatsapp-to-start-pilots-for-micro-pension-lending-in-india\/77110423","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":77111175,"entity_type":"ARTICLE","title":"Relief for Vodafone Idea: Supreme Court orders IT dept to refund Rs 833 crore","synopsis":"The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. ","titleseo":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4751,"shares":0,"engagementtimems":22679000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore\/articleshow\/77111175.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-07-22 19:55:41","lastupd":"2020-07-22 19:55:41","breadcrumbTags":["Vodafone Idea","vodafone idea tax","Supreme Court","statutory dues","Industry","Mumbai High Court","telecom news","idea cellular"],"secinfo":{"seolocation":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore"}}" data-news_link="//www.iser-br.com/news/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore/77111175">
<\/a><\/figure>Vodafone Idea faces around Rs 6,000 crore\/year outflows if AGR repayments spread over 15 years: Analysts<\/a><\/h5><\/div><\/a><\/figure>Govt backs 20 yrs to pay AGR dues, Airtel, Vodafone Idea seek 15 years, order reserved<\/a><\/h5><\/div><\/div><\/div>
The genesis of this battle can be traced to when the telco sought a refund of Rs 4,759 crore for assessment years (AY) 2014-15 to 2017-18. The IT department had withheld the amount, claiming that outstanding dues were yet to be settled by the telco. The top court mentioned that the department cannot withhold refunds against undetermined future demands.
The telco has been involved in various tax-related disputes with the I-T department, including the Rs 20,000-crore withholding tax dispute related to its Hutchison stake buy in 2007, which is currently under international arbitration. The company was then known as Vodafone Mobile Services Ltd.
VIL, born out of merger of Vodafone India and Idea Cellular<\/a> in August 2018, has an uphill task of survival. On Monday, it requested the top court to allow it to pay the AGR dues over a 15-year time frame. It has previously said that it will shut shop if forced to pay the dues upfront.
Analysts estimate that even if its 15-year wish is granted, the telco is estimated to face an annual outflow in the Rs 5,900-6,253 crore range, depending on 8% or 9% interest rate.
<\/body>","next_sibling":[{"msid":77110423,"title":"WhatsApp to start pilots for micro-pension, lending in India","entity_type":"ARTICLE","link":"\/news\/whatsapp-to-start-pilots-for-micro-pension-lending-in-india\/77110423","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":77111175,"entity_type":"ARTICLE","title":"Relief for Vodafone Idea: Supreme Court orders IT dept to refund Rs 833 crore","synopsis":"The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. ","titleseo":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4751,"shares":0,"engagementtimems":22679000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore\/articleshow\/77111175.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-07-22 19:55:41","lastupd":"2020-07-22 19:55:41","breadcrumbTags":["Vodafone Idea","vodafone idea tax","Supreme Court","statutory dues","Industry","Mumbai High Court","telecom news","idea cellular"],"secinfo":{"seolocation":"telecomnews\/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore"}}" data-news_link="//www.iser-br.com/news/relief-for-vodafone-idea-supreme-court-orders-it-dept-to-refund-rs-833-crore/77111175">
<\/a><\/figure>
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