HYDERABAD: The Telangana Beverages Corporation has won a legal battle against the Income Tax department over a demand for
Rs 226 crore arising from a dispute dating back to 2007, when Telangana was part of the undivided Andhra Pradesh.
The Income Tax Department had raised a total demand of Rs 544 crore against the undivided state, of which Rs 226 crore was attributed to Telangana.
In a judgment delivered on Friday, the High Court ruled that the corporation was not required to pay the amount to the Income Tax Department.
Following the verdict, TGBCL managing director C Hari Kiran met High Court Advocate General A Sudarshan Reddy and thanked him. He was accompanied by assistant commissioner (headquarters) Seelam Srinivasa Rao and TGBCL general manager (finance and accounts) B Amsha.