Tata Steel gets relief in ₹427 crore tax dispute, exposure set to fall to ₹1,259 crore

Tata Steel Ltd on Tuesday (September 29) said it has received a favourable order from the Income Tax Appellate Tribunal (ITAT) for financial year 2009, allowing its claim for deduction of interest expenditure and reducing its tax exposure on the matter by around ₹427 crore to ₹1,259 crore."After se…