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| Exchange Disseminated Time | Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that MTNL has on March 27, 2009 received refund of Rs 516.18 crores from Income Tax Department pursuant to the orders of Income Tax Appellate Tribunal for the Assessment years 2001-02 & 2003-04 with respect to the issue of License Fee and 80IA deduction. The Company has submitted to BSE a copy press release in this regard.
Press Release :
"Mahanagar Telephone Nigam Ltd has received refunds from Income Tax Department for assessment years 2001-02 & 2003-04. The total amount received from Income Tax Department amounting to Rs 516.18 Crores out of which Rs 131.47 Crores has been refunded towards interest on refunds. The amount of interest will increase the profits of the company for the financial year 2008-09, out of this Rs 125.71 Crores has been already taken into account in the 3rd quarter of 2008-09." |
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