HUL slapped with Rs 962 crore tax notice over TDS dispute in Rs 3,045 crore GlaxoSmithKline deal

Hindustan Unilever is facing a tax demand of Rs 962.75 crore from the Income Tax Department for allegedly not deducting TDS when acquiring intellectual property rights from GlaxoSmithKline. The company plans to appeal the order, asserting its right to recover the tax from the involved parties. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FMCG-Cons. Products-Industry-The Economic Times