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IT raids at ABG Shipyard Premises

This article was posted on Oct 10, 2009 and is filed under Market News

ABG Shipyard Ltd has announced that the Income Tax Department had conducted search operations at the premises of the Company and officials of the Company on October 07 and 08, 2009. The search operations concluded on October 08, 2009.

The Company believes that it has complied with income tax laws and that the income Tax authorities have made no claims against the Company pursuant to such search operations.

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