HindustanTimes Mon,21 Apr 2014

Idea Cellular gets tax demand, may challenge order

Reuters  New Delhi, April 05, 2013
First Published: 17:13 IST(5/4/2013) | Last Updated: 17:17 IST(5/4/2013)

Idea Cellular Ltd, India's third-largest cellular carrier by revenue, said the company and a unit had received tax demands from authorities over a restructuring exercise approved by courts more than three years ago.


Idea did not disclose how much tax it was being asked to pay, but said it believed the demands were "unjustified and based on erroneous interpretation of current tax laws".

Idea said it was evaluating options including challenging the tax demand.

more from Infotech-Telecom

DoT snubs Trai call on spectrum pricing

The government may not accept Telecom Regulatory Authority of India’s (Trai) recommendations to reduce the reserve price for cellular radiowaves (spectrum) by up to 46% in the auction slated for January.

Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved