MAT is a tax provision reintroduced in 1997 in an attempt to bring zero-tax-high-profits companies into the income tax net. It is calculated on the basis of the book profits of a company, not its taxable income

According to industry experts, the rising price of crude post the attack will deplete the country's foreign currency reserves and widen the fiscal deficit gap, while it fuels inflation in the domestic market

The probe pertains to a larger I-T probe, which started in 2011, under which around 700 India individuals and entities are being investigated for holding accounts in HSBC Bank in Geneva; Reliance Industries has denied receiving \"any such notices from the income tax department\"