October 7, 2008

TATA MOTORS: Contests Indian Gov’t.’s $3.714B Income Tax Demands

COMPANIES: Tata Motors Ltd fka Tata Engineering Locomotive Co Ltd
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Tata Motors Limited is contesting the Indian Income Tax authorities over an aggregated INR3.714 billion (INR1.540 billion, net of consequential relief) in income tax demands, as of March 31, 2008.

The tax demands are being contested by the Company on appeal…

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