NCLAT upholds NCLT order rejecting Paradeep Phosphates' Entry Tax exemption plea
The National Company Law Appellate Tribunal has rejected Paradeep Phosphates’ plea for Entry Tax exemption in Odisha. The tribunal upheld a lower court’s decision, stating the claim was time-barred. Paradeep Phosphates sought exemption under a rehabilitation scheme approved in 2008. The Odisha government had previously opposed the tax concession. The appellate tribunal found no grounds to grant the exemption.
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