 "BSE challenges DoT's notices")
In response to DoT's notices, BSE said that demand notices were based on an incorrect interpretation of the existing guidelines.
During 2012-13, the exchange had received notices from DoT for payment of Rs 3.52 crore. The exchange has already paid an amount of Rs 2.35 crore.
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"In respect of the balance of Rs 1.17 crore, the management has filed a reply (to DoT), after legal consultations, challenging the claim," the exchange said in a note with its FY13 financial results.
"No provision for the same is made in the accounts and has been considered as a contingent liability, the statement added.
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