DLF gets approval to withdraw 4 SEZs
The government on Tuesday gave in-principle approval to DLF to denotify four of its IT, ITES Special Economic Zones (SEZ), which the company did not want to build because of the slowdown in the real estate business.
However, the denotification will be subject to the condition that DLF returns all the tax benefits that it had taken from the centre to build those SEZs.
The BoA, headed by commerce secretary G K Pillai, also allowed more time to the K Raheja group to build its tax-free zones in Goa, Hyderabad and Navi Mumbai, it is learnt. A senior official said that the denotification will be issued only after the development commissioners of respective states give the certificate that all the tax benefits that the company had taken, has been refunded.
More : timesofindia.indiatimes.com