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Bombay High Court rules in favour of Vodafone in transfer pricing case
October, 10th 2014

Bombay High Court has ruled in favour of Vodafone Group Plc (VOD.L: Quote, Profile, Research) in a transfer pricing dispute, two television stations reported 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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