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News: IRL India Resources says Swan Gold Mining has successfully appealed against tax assessment

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    March 3 (Reuters) - India Resources Ltd (IRL) :

    • Swan Gold Mining Limited has successfully appealed to tax tribunal against the Indian tax office's assessment
    • Says tax tribunal held that there was no taxable income on the basis of the circular released by the central board of direct taxes
    • Says "assessment of a 441m inr ($9.2M) tax liability for the 2010/11 financial year"
    • Says under the deed of appointment with Swan, Irl agreed to indemnify Swan from all liabilities relating to the surda work order
    • Ito has now released a draft assessment order against Swan for the 2012/13 financial year
                            
 
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