NCLAT dismisses IT department’s plea against Reliance Jio on demerger of tower, fiber units
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 fiber and tower business into two separate units. The Ahmedabad-bench of National Company Law Tribunal (NCLT) had earlier this year granted permission to the composite scheme of…