Income Calculated without considering Capital Expenditure is not valid: Orissa HC upholds ITAT Order [Read Order]

Income - Capital Expenditure - Orissa High Court - ITAT - ITAT Order - Taxscan

The High Court (HC) of Orissa while upholding the order passed by Income Tax Appellate Tribunal ( ITAT ) held that the total Revenue Earned calculated without considering the capital expenditure is not valid. The Revenue is directed against an order dated 13th September 2022 passed by the Income Tax Appellate Tribunal (ITAT), Cuttack Bench,…

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