This is not a tax relief but just a liquidity relief as it will expedite the past refund that has been held up by the tax department. Supreme Court dismissed a plea filed by the Income Tax Department and directed the ITD to refund taxes worth Rs 833 crore to Vodafone Idea. SC ruled that the ITD has no authority to withhold refunds anticipating future tax demands.

Of course, this may not be a substantial relief as Vodafone Idea needs to pay up Rs.58,000 crore as AGR dues. The Supreme Court has already clarified that there was no scope for re-assessment or re-calculation of dues owed by telecom players to DoT. The Rs.833 crore will be paid immediately out of the total Rs.1100 crore approved by the Supreme Court.