TATA COMMS: Junked Tax Benefit Claims On Appeal Before Tribunal

Tata Communications Limited appeals before the Income Tax Appellate Tribunal over its dismissed tax benefit claims for fiscal 1996, 1997, 1998, 1999 and 2000 to 2004.

The Indian tax authorities have taken the position that the Company is not entitled to…

TATA COMMS: Implementing New Services Agreements with Tyco & C2C

Tata Communications Limited, Tyco Global Networks Ltd, and C2C Pte Ltd are in the process of implementing the terms of New Agreements regarding telecommunications services.

On June 30, 2005, the Company acquired from Tyco all of the assets and liabilities relating…

TATA COMMS: Continues to Pursue Claims for License Fees v. DOT

Tata Communications Limited continues to pursue its claims for the license fees it paid to the Department of Telecom as a deductible expenditure.

The Income Tax Department of the Government of India has disputed this claim of the Company from…

TATA COMMS: Inquiries on ITXC’s Possible FCPA Violations Ongoing

Tata Communications Limited, in its Form 20-F filed with the Securities and Exchange Commission dated Oct. 14, 2008, says it intends to continue cooperating with the Securities and Exchange Commission and the U.S. Department of Justice over ITXC Corp.’s possible…

TATA COMMS: Mulls Options Over Final Award in FLAG Arbitration

Tata Communications Limited, in its Form 20-F filed with the Securities and Exchange Commission dated Oct. 14, 2008, said that it will consider its options over challenging in the Netherlands courts the final arbitration award in favor of Reliance Globalcom…

TATA COMMS: Reaches Deal With Polargrid LLC over Contract Breach

Polargrid LLC’s contract breach suit against Tata Communications Limited was settled out of court during the fiscal year ended March 31, 2008, according to the Company’s Form 20-F as filed with the Securities and Exchange Commission on Oct. 14, 2008.

Polargrid,…

TATA COMMS: Appealing DoT’s Levy Reimbursement Claim Before ITAT

Tata Communications Limited is appealing before the Income Tax Appellate Tribunal over the Indian tax authorities’ claim for reimbursement of the Department of Telecom’s levy.

The Indian tax authorities have taken the position that the Company has not offered for taxation…

TATA COMMS: Appealing Disallowance of ICO Global Loss Write-Offs

Tata Communications Limited is appealing the Indian tax authorities’ disallowance of the Company’s write-off in its books of accounts of its investment in the Shares of ICO Global Communications Inc. before the Income Tax Appellate Tribunal.

ICO Global filed for bankruptcy…

TATA MOTORS: Still Involved in Other Taxes, Dues of INR1.208Bil

Tata Motors Limited may be liable for other taxes and dues aggregating INR1.208 billion as of March 31, 2008, including the following cases involving more than INR50 million:

— The municipal authorities in certain states levy octroi duty (a local indirect…

TATA MOTORS: Still Contests March 31 INR3.138B Sales Tax Demands

Tata Motors Limited is contesting total sales tax demands (including interest and penalty) amounting to INR3.138 billion as of March 31, 2008.

The details of the demands involving more than INR50 million are as follows:

— The sales tax authorities in certain…

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