Treatment of legal cost incurred by Hindustan Unilever in respect of merger of erstwhile Industrial Perfumes: ITAT directs Readjudication [Read Order]

The Income Tax Appellate Tribunal (ITAT) Mumbai bench directed readjudication in respect of treatment of legal cost incurred by Hindustan Unilever on merger of erstwhile Industrial Perfumes Limited. Assessee, Hindustan Unilever Limited is a company engaged in the manufacture, trading and marketing (including export) of fast moving consumer goods (FMC goods). After filing the return assessee’s…