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Transfer pricing case: Bombay High Court rules in favour of Vodafone

The Bombay High Court has ruled in favour of Vodafone India...

By: Reuters | Mumbai | Published: October 10, 2014 4:47:55 pm

The Bombay High Court has ruled in favour of Vodafone India in a transfer pricing dispute, according to TV reports on Friday.

Vodafone had appealed against the Indian tax office’s decision to add about 32 billion rupees ($523 million) to its taxable income for the financial year 2009/10, CNBC TV18 said.

Vodafone is among several multinational companies involved in transfer pricing disputes with Indian tax authorities.

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