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Monday, September 14, 2020

Income Tax Appellate Tribunal nixes tax claim on Vodafone rights issue

In a relief to Vodafone India, the Mumbai bench of the Income Tax Appellate Tribunal has deleted the addition of ₹795 crore by tax authorities as income received from nine Mauritian entities that subscribed to the company’s rights issue in assessment year 2006-07.

from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/3ixIXT9

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