Round two for Vodafone, but battle far from over

The Supreme Court today reaffirmed its earlier dismissal of a Rs 11,297-crore tax claim on Vodafone after the government petitioned it to reconsider its decision. But, tax experts said the relief for the British telecom major could be temporary, in view of last week’s Budget proposal of an amendment in the Income Tax Act that would enable the government to retrospectively tax cross-border transactions.

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