SC NOTICE TO MOSER BAER ON ALLEGED TAX EVASION


The Supreme Court has issued a notice to Moser Baer India Ltd why it should not be asked to pay income tax to the tune of Rs 2,978 crore. A bench headed by Justice S H Kapadia sought the reply from the manufacturer of computer-related products, including floppies and compact discs, on the income tax department's plea alleging that the company had evaded tax in 2000-01. The department said that the company was not entitled to deduction even though the value of export of CDs was less than 75 per cent of the total sales made during 2000-01.  


 
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