LTUs - How large?

By Vijay Kumar

Yesterday the Hindu reported,

For instance, to be part of the Bangalore unit, a corporate house should be paying central excise and service tax of Rs. 1,000 crore a year, or income tax of Rs. 800 crore. For the Chennai unit, the threshold has been fixed at above Rs.7,000 crore for central excise and service tax and over Rs. 1,500 crore for income tax.

Is there any assessee paying this kind of taxes in the country? Which Company pays Rs. 1500 Crores as Income Tax? Only goes on to prove that while reporting tax matters, the best of newspapers are not exactly accurate.

And where is the Chennai LTU? A helpful Departmental officer informed us that it is located at Door No 1775, Jawaharlal Nehru Inner Ring Road, AnnanagarWestern Extension, Chennai- 600101.