Tata Communications Wins Tax Appeal for AY 2011-12

Tata Communications Limited has received a favorable order from the Income Tax Appellate Tribunal (ITAT), Mumbai, concerning income-tax litigations for Assessment Year 2011-12. The ITAT has granted relief on various matters, including deductions under Section 80-IA for its National Long Distance undertaking, and certain Transfer Pricing adjustments. While some aspects require further verification by the Assessing Officer, the company is evaluating the order's consequential tax impact and potential further actions. This update follows previous disclosures on the ongoing litigation.