DLF gets approval from government

The government has provided in-principle approval to DLF to denotify four of its IT, ITES Special Economic Zones (SEZ), which the company did not want to build because of the slowdown in the real estate business.
However, the denotification will be subject to the condition that DLF returns all the tax benefits that it had taken from the centre to build those SEZs. A senior official said that the denotification will be issued only after the development commissioners of respective states give the certificate that all the tax benefits that the company had taken, has been refunded.