Business Today
Loading...

Essar Oil files petition against SC decision on tax order

On January 17, the Supreme Court had set aside a Gujarat High Court judgement permitting Essar Oil to avail of a sales tax deferral benefit from the Gujarat Government.

IANS | February 16, 2012 | Updated 18:11 IST

Essar Oil on Thursday said it had filed a petition in the Supreme Court seeking review of the decision to set aside a Gujarat High Court judgement permitting the company to avail of a sales tax deferral benefit from the Gujarat government.

"It has filed a petition in the Supreme Court seeking a review of the apex court's decision relating to repayment of deferred sales tax," the company said in a regulatory filing.

On January 17, the Supreme Court had set aside a Gujarat High Court judgement permitting Essar Oil to avail of a sales tax deferral benefit from the Gujarat Government.

The Gujarat High Court in an earlier order had extended time to Essar Oil for commencing commercial production at the Vadinar Refinery, thus making the company eligible to avail of Gujarat state's capital investment incentive to premier unit scheme, 1995-2000.

  • Print
  • COMMENT
BT-Story-Page-B.gif
A    A   A
close