Sunday, July 19, 2020

Ultratech Cement avails excessive Subsidies under Rajasthan Investment Promotion Scheme-2003: SC directs Authority to Recover 12% interest per Annum

The Supreme Court held that the Ultratech Cement availed excessive subsidies of 25% under Rajasthan Investment Promotion Scheme-2003 and so interest of 12% per annum is applicable until the whole excessive subsidies are recovered. The appellant, M/s Ultratech Cement Limited, is a public limited company registered under the Companies Act, 1956 and engaged in the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3eFsTvT

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