Vodafone Idea, Bharti Airtel fall upto 4% after SC allows tax credit claims on infra duties

The Supreme Court of India ruled in favor of telecom companies, granting them the right to claim tax credits for duties paid on infrastructure items. This decision reverses a previous Bombay High Court ruling and is expected to provide significant financial relief to major telecom players like Bharti Airtel and Vodafone Idea.