IOCL tax dispute: Core group meeting remains inconclusive

Bhubaneswar: The fourth meeting of the working group to resolve tax dispute between the Odisha government and the Indian Oil Corporation Limited (IOCL) remained inconclusive today.

The meeting of the core group involving officials of IOCL and the State government could not arrive at an settlement on the tax incentive issue of the former’s Paradip refinery project.

Chief Secretary Aditya Padhi told media persons after the meeting in New Delhi that no decision has been taken at the meeting. "Facts have been exchanged between the two sides and negotiations are on," said Padhi.

Besides, Padhi informed that more time would be sought from the Orissa High Court as it had earlier directed to resolve the issue through mutual discussions within two months.