Transaction being Revenue Neutral, does not affect the Interests of Revenue: Delhi HC orders Rs. 349 Cr to Ericsson India [Read Order]

Transaction - Revenue Neutral - Revenue - Delhi High Court - Ericsson India - Ericsson - Taxscan

In a major relief to Ericsson India Private Limited, the Delhi High Court has directed the income tax department to release a refund of approx.. Rs. 349 crores, held that a transaction, being revenue neutral does not affect the interests of the revenue. The assessee-Company approached the High Court stating that an amount equivalent to…

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