Cess not deduction, companies should accept gracefully, says Finance Minister Sitharaman

"Some courts are coming up with a verdict which is contrary to the intent of the legislature. We needed to come out with an explanatory amendment...There are times when you have to be retrospective just so that we are being fair. It is not to go with any other intent," Sitharaman said at a post-budget interaction organised by industry body Ficci.

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