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BRIEF-CK Hutchison says Indian tax authorities issued draft assessment order to Hutchison Telecommunications International
December 2, 2016 / 1:57 PM / 10 months ago

BRIEF-CK Hutchison says Indian tax authorities issued draft assessment order to Hutchison Telecommunications International

Dec 2 (Reuters) - CK Hutchison Holdings Ltd :

* Indian tax authorities issued a draft assessment order to hutchison telecommunications international limited

* Has received a draft assessment order ( “dao”) from indian tax authorities (“ita”) dated 24 november 2016

* Htil believes that no assessment for alleged cgt can be validly imposed

* does not believe that any assessment order or penalty proceedings related to alleged cgt will have any effect on company’s financial condition

* Dao proposes to impose tax on htil on alleged gains of about inr374 billion in respect of acquisition in 2007 by vodafone of CGP Investments (Holdings) Source text for Eikon: Further company coverage:

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