The NCLAT has dismissed petitions filed by the income tax (I-T) department, which raised objection over the approval granted to Reliance Jio Infocomm scheme to hive off its fibre and tower business into two separate units. Demerging of Jio Digital Fibre Pvt Ltd and Reliance Jio Infratel Pvt Ltd. was opposed by the I-T department by challenging it before NCLAT.
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The NCLAT has dismissed petitions filed by the income tax (I-T) department, which raised objection over the approval granted to Reliance Jio Infocomm scheme to hive off its fibre and tower business into two separate units. Demerging of Jio Digital Fibre Pvt Ltd and Reliance Jio Infratel Pvt Ltd. was opposed by the I-T department by challenging it before NCLAT.
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