In a major setback to NDTV, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has confirmed the orders of the income tax department disallowing the deduction claim towards pre-operative expenses. The assessee, M/s NDTV Studios Ltd, filed return of income declaring income of Rs. 21,03,02,529/- which was processed u/s 143(1) of the Act,…
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