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Last Trade - 15/08/16

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £6.32m
Position in Universe th / 1898

BRIEF-India Resources says successful appeal to Indian tax assessment

Wed 2nd December, 2015 9:26pm
Dec 2 (Reuters) - India Resources Ltd  IRL.AX : 
* Successful appeal to Indian tax assessment  IRL.AX  
* Swan Gold Mining obtained outcome in its appeal against assessment by Indian tax office (ITO) of a 345m INR ($7.2M) tax liability in relation to 2011/12 FY 
* Commissioner of income tax (commissioner) held that there was no income in the hands of the payee and accordingly no tax was payable by Swan 
* IRL, through Swan, estimates that it is owed $0.62M in tax deducted at source plus interest for financial years 2011/12 to 2014/15 
* Says IRL will now actively pursue the refund of the amounts withheld 
* Commissioner's decision also enables irl to progress discussions with various parties in relation to funding for IRL's Aravali lead-zinc project 
 
  Source text for Eikon  ID:nASX8BGkxx  
 
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