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![A Sovereign Country cannot be treated as a person or Authority for the purpose of Sec 43(1) of the IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "A Sovereign Country cannot be treated as a person or Authority for the purpose of Sec 43(1) of the IT Act: ITAT [Read Order]")
A Sovereign Country cannot be treated as a person or Authority for the purpose of Sec 43(1) of the IT Act: ITAT [Read Order]
In Spectrum Coal & Power Ltd v. ACIT, a division bench of the Mumbai ITAT held that a ‘person’ or ‘authority’ as prescribed under Section 43(1) of...