Received on 04 January 2017
Paul Merchants announced that the Income Tax Settlement Commission, Additional Bench, New Delhi has settled the additional Income of the Company to the tune of Rs. 17,51,30,000/- from Assessment year 2008-09 to 2014-15 vide its order dated 21 December 2016, which has been received by the Company on 04 January 2017. The amount of tax and interest as per said order will be computed by the department and the balance tax & interest will be paid / refunded, if any, after adjustment of tax and interest of Rs. 8,88,00,000/- already paid by the company. This is further submitted that impact of this Order on the Financial condition of the Company shall be as narrated above.Powered by Capital Market - Live News
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