SC notice to I-T dept on SAILís plea
The issue was raised by SAIL over a loan waiver of R5,277 crore granted to it for rehabilitation purposes in 2000.
A bench headed by Justice DK Jain issued notice to the commissioner of income tax on SAILís appeal against the Delhi HC order that ruled against the PSU. SAIL senior counsel Harish Salve and counsel Rahul Kaushik sought the courtís attention in view of a substantial and recurring question of law arising particularly in respect of sick industrial undertakings in the process of rehabilitation.
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