MTNL - Press Release
Mahanagar Telephone Nigam Ltd (MTNL) has announced that pursuant to the order of Income Tax Appellate Tribunal for the past years, the Income Tax Department has refunded Rs 1461.68 crores to the Company on July 16, 2007. Both the Company and I.T. Department were engaged in lengthy litigation for the past several years with respect to the issue of License Fee and 80IA deduction. Finally after the verdict of ITAT and Commissioner of Income Tax (Appeals),...16-07-2007