Relief to Microsoft Regional Sales Corporation: ITAT upholds DRP’s Order deleting Interest payable by Taxpayer under Income Tax Act

By Taxscan Team - On February 7, 2022 5:41 pm - 2 mins read

Relief - Microsoft Regional Sales Corporation - ITAT - DRP - DRP’s Order - Interest payable - Taxpayer - Income Tax Act - Tax - Taxscan

In a major relief to Microsoft Regional Sales Corporation and MOL Corporation, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld DRP’s Order deleting Interest payable by Taxpayer under Income Tax Act. The Revenue are preferred against two separate orders of the Assessing Officer framed under section 144C(13) r.w.s 143(3) the Income-tax Act, 1961…

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