Tata Steel Wins ₹427 Crore Tax Relief, Exposure Drops To ₹1,259 Crore
Mumbai: Tata Steel has received a favourable order in a long-running income-tax dispute linked to interest expenditure on loans used for the acquisition of Corus Group Plc, providing relief of approximately Rs 427 crore for FY2009. The Income Tax Appellate Tribunal allowed the company’s claim for deduction of interest expenditure for FY2009, following an earlier favourable ruling for FY2008, Tata…
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