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GOVT DENIES SOPS TO ARVIND MILLS VENTURE WITH MAURITIUS CO (FIPB is of the view that the proposal is an attempt to avoid income tax liability).

Asia Africa Intelligence Wire

| July 09, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The Government of India has refused to extend tax concessions to the proposed joint venture between Arvind Mills and Ganesha Ltd of Mauritius.

Arvind Mills had applied for the concessions under the Indo-Mauritius Double Tax Avoidance Agreement. …

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