Retro Tax: I-T department withdraws Sanofi appeal from Supreme Court

While Sanofi, like many other multinationals, settled this with the taxman under India's plan to rescind the indirect transfer of assets amendment or retrospective tax amendment in December, the appeal in Supreme Court was yet to be withdrawn. In a May 6 order, the apex court dismissed all the appeals. "In terms of the request made before the court, the appeals are dismissed as withdrawn," the court ruled.

from Banking/Finance-Industry-Economic Times https://ift.tt/3lQSovJ