Supreme Court dismisses Rs. 4800 crores tax liability of Reliance Communications
According to a statement released by the Reliance Communications (RCom), the Honorable Supreme Court has dismissed the “Special Leave Petition” filed by the income tax department against the company on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs). Justice Kurian Joseph and Justice Rohinton Fali Nariman were the Honorable judges in the panel which announced the decision. It was during the financial year 2006-2007, Reliance Communications issued FCCBs... Read More