Cadbury faces scrutiny in two tax cases – Daily News & Analysis
Cadbury India, a unit of Mondelez International, is under the income-tax department’s scanner for alleged tax evasions amounting to `213 crore.
“Two cases of tax evasion by Cadbury India Ltd has been detected by the Directorate General of Central Excise Intelligence during the years 2009-10 to 2012-13, up to October 31, 2012,” S S Palanimanickam, minister of state, finance, told Parliament.The cases pertain to a plant the company set up in Baddi, Himachal Pradesh.
Cadbury had written to the Excise Department seeking tax breaks on the plant it set up in June 2009 for manufacturing…
Read more: Cadbury faces scrutiny in two tax cases – Daily News & Analysis
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