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SC dismisses IT’s plea for taxing RCom's FCCB proceeds

SC dismisses IT’s plea for taxing RCom's FCCB proceeds

Tue, Nov 22, 2016

The Supreme Court on Monday dismissed the ‘Special Leave Petition’ filed by the Income-Tax Department against Reliance Communications (RCom) on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs), treating it as ‘unexplained cash credit.’

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