Tax effect being less than prescribed threshold, the Delhi HC directs Income Tax Dept to file for revival of appeal
The Delhi High Court directed the Income Tax Department to file for revival of appeal as the tax effect was less than prescribed threshold. The issue that arose for consideration before the Tribunal was whether the expenditure amounting to Rs. 9,46,22,358/- incurred in connection with the issue of equity shares to Qualified Institutional Buyers (QIBs),…
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