https://www.taxtmi.com/caselaws?id=248470 The High Court of Karnataka confirmed the order directing Vodafone South Limited to deposit Rs. 75 crores with the Assessing Officer and provide a Bank Guarantee for the remaining amount within four weeks. The Revenue agreed to refund the deposited amount with interest as per the Income-tax Act. Both parties were allowed to appeal the Tribunal's decision to the High Court and seek interim orders. The Tribunal was instructed to expedite the appeal process within four months. If the Tribunal ruled against Vodafone, the Revenue was prohibited from encashing the Bank Guarantee until the appeal period expires. en-us Thu, 10 Apr 2014 00:00:00 +0530 Fri, 13 Jun 2014 10:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248470 The High Court of Karnataka confirmed the order directing Vodafone South Limited to deposit Rs. 75 crores with the Assessing Officer and provide a Bank Guarantee for the remaining amount within four weeks. The Revenue agreed to refund the deposited amount with interest as per the Income-tax Act. Both parties were allowed to appeal the Tribunal's decision to the High Court and seek interim orders. The Tribunal was instructed to expedite the appeal process within four months. If the Tribunal ruled against Vodafone, the Revenue was prohibited from encashing the Bank Guarantee until the appeal period expires. Case-Laws Income Tax Thu, 10 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248470