ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]
It held that the contribution to the Core SGF constituted an allowable business expense under section 37(1) and accordingly set aside the impugned order
By Adwaid M S - On April 17, 2025 10:32 am - 2 mins read
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has allowed the appeal filed by National Stock Exchange of India (NSE) against the revisionary order passed by the Principal Commissioner of Income Tax-7 (PCIT) under section 263 of the Income Tax Act, 1961. The appeal pertained to Assessment Year 2015–16 and challenged the disallowance of Rs…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
