Wednesday 25 April 2018

Discounts are not capital expenditure: ITAT rules in favour of Flipkart

MUMBAI: In a relief to Flipkart the Income Tax Appellate Tribunal (ITAT) in Bengaluru on Tuesday rejected the revenue department’s argument that discounts dolled out by the e-commerce major should be reclassified as capital expenditure.

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via Discounts are not capital expenditure: ITAT rules in favour of Flipkart

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