Made full disclosure of existing buildings: Infy

Posted on March 15 2010 by admin

Even as the stalemate over the legality of Infosys Technologies Chandigarh special economic zone (SEZ) campus continues, the country s second largest IT firm has said it made full disclosure of all the building activities on the said land through the Chandigarh Administration in its application to the Central government for SEZ notification. In its edition dated March 13, FE had reported that the company could potentially face a tax liability of around Rs 100 crore for alleged violations of SEZ rules. The revenue department in the finance ministry has observed that Infosys converted an existing IT campus which had economic …

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