January 29th, 2015 4:51 AM 4 COMMENTS

India not to appeal against Bombay High Court order; Vodafone welcomes govt move in tax case

The Narendra Modi government has decided not to appeal against a Bombay High Court ruling that Vodafone India is not liable to pay Rs 3,200 crores in additional tax in a transfer pricing case. "The Cabinet has decided not to appeal to the Supreme Court against the Bombay High Court order of October 2014. We examined the order, discussed it with A-G...and found that the Bombay HC order was correct.... Read More

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