| STAR to pay Rs 1000 cr I-T dues |
| Anindita Dey / Mumbai March 16, 2006 |
| STAR Hong Kong has agreed to pay almost Rs 1,000 crore to the Income-Tax department as part of its dues since assessment year 2000-01. Pending a final decision of the Bombay High Court in the long-drawn case, STAR will, by the next financial year, pay the entire sum, of which Rs 300 crore will be paid by March 31, 2006. The company has already paid Rs 163 crore. In case the I-T department loses the cases, either STAR will get a refund or the department has to move the Supreme Court. The broadcasting major had filed an appeal in the HC, challenging the tax claim and seeking a stay on the order. No stay has, however, been granted yet. The hearing is scheduled for March 21. STAR |
