ITAT deletes Tax imposed on Interest received from Income Tax Department [Read Order]

ITAT - ITAT deletes Tax imposed - Tax - Tax imposed - Interest - Income Tax Department - Income Tax - taxscan

The Income Tax Appellate Tribunal (ITAT) of the Mumbai Bench has deleted the tax imposed on interest received from the Income Tax Department. Grasim Industries Ltd, a company involved in the manufacturing and sales of Viscose Staple Fibre, Chemicals, Cement, Sponge Iron, and Textile, filed its income tax return. Subsequently, the case was chosen for…

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