Tax Effect less than Prescribed Threshold: Delhi HC directs Income Tax Dept to file for Revival of Appeal [Read Order]

Tax effect being less than prescribed threshold, the Delhi HC directs Income Tax Dept to file for revival of appeal
Income Tax Department - Revival of Appeal - Delhi HC - TAXSCAN

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),…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader