Reliance Ports gets Rs 1,767 cr irregular tax benefit: CAG
New Delhi: The Comptroller and Auditor General (CAG) has pulled up the Income Tax Department for giving benefit of Rs 1,767 crore to the port and terminal arm of Reliance Industries by allowing deductions meant for public facilities to the company's captive jetties. It said the income tax assessing officer allowed deduction of Rs 5,245.38 crore to Reliance Ports and Terminals Ltd towards construction of four captive jetties at Port Sikka in Gujarat without examining the eligibility criteria for allowance of the deduction. PTI