Relief to Doloo Tea Company: ITAT deletes Income Tax Addition made by Taxing Sale of Tea bushes and Shade Trees [Read Order]

Doloo - Tea - Company - ITAT - Income - Tax - Addition - Taxing - Tea - bushes - Shade - Trees - TAXSCAN

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), deletes addition made by taxing sale of tea bushes and shade trees, thereby granting relief Doloo Tea Company (India) Ltd, the assessee. The assessee company during the year received a total compensation of Rs.4 crores from National Highways Authority of India (NHAI) on account of…

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