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.