Transfer pricing case: Bombay High Court rules in favour of Vodafone

Bombay High Court has ruled in favour of British multinational telecom company Vodafone Group Plc in a transfer pricing dispute according to Reuters. 

Vodafone had appealed against the country's tax office's decision to add about Rs 3200 crore ($523 million) to its taxable income for the financial year 2009/10 according to reports by CNBC TV 18.  

Vodafone is among several multinational companies involved in transfer pricing disputes with Indian tax authorities.

Also read: Vodafone gets Rs3,700 crore I-T notice in transfer pricing case