 "Lanco wins income tax case in Supreme Court")
Lanco Infratech on Sunday announced it had won a case in the Supreme Court for its subsidiary company Lanco Kondapalli Power Limited (LKPL), dismissing appeals filed by Andhra Pradesh Power Coordination Committee and AP Discoms and also upholding the orders passed by APTEL and APERC in favour LKPL.
As a result of this favourable order LKPL is entitled for reimbursement of income-tax of about Rs 175 crore for financial years 2001 to 2012 along with interest till an date of payment after adjusting the adhoc amount of Rs 70 crore already received.
As a result of this favourable order LKPL is entitled for reimbursement of income-tax of about Rs 175 crore for financial years 2001 to 2012 along with interest till an date of payment after adjusting the adhoc amount of Rs 70 crore already received.