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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...

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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First published on: 10-10-2014 at 16:47 IST
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