Failing Capitalism, August 22, says ‘Moser Baer faces a massive tax suit’. We had clarified that the amount involved is Rs 2.97 crore and not the Rs 2,978 crore mentioned in the recent reports. This Rs. 2.97 crore pertains to a demand made by IT Department, which has been dismissed by the Income Tax Appellate Tribunal and by the Delhi High Court.
Sanjeev Verma
Head, Corporate Communications, Moser Baer India Ltd.
(We apologise for the error — Editor)
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