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SRI LANKA VENTURE CAPITAL FIRM LOSES TAX CASE, TO APPEAL.
COLOMBO, Oct 1 Asia Pulse - Lanka Ventures said it had lost a tax case against the department of inland revenue but that it planned to appeal in the supreme court.
The company said in a stock exchange filing that it had provided 236 million rupees for the tax assessments as a contingent liability in its financial statements.
It said the Appeal Court on September 29 delivered judgment dismissing the company's petition and rejecting the writs sought by the company.
The Court ...
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Source: HighBeam Research, SRI LANKA VENTURE CAPITAL FIRM LOSES TAX CASE, TO APPEAL.