Friday, February 29, 2008

HC asks L&T to give Rs 6 cr

Hyderabad, Feb. 28: The AP High Court on Thursday asked Larsen and Toubro Limited to deposit Rs 6 crore with the registrar general of the court. The company was asked to pay the amount to proceed with the hearing on its petition challenging the notice issued by the commercial tax department asking it to pay Rs 26 crore as tax for equipment purchased for a water supply project in Puttaparthy, on behalf of the Satya Sai Seva Samithi. However, L&T contended that it was a service oriented project which merited tax exemption.

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