Capital Expenditure

Flipkart Wins Tax War! Income Tax Appellate Tribunal, which deals with tax issues under Direct Taxes Acts, has ruled that Flipkart is being incorrectly taxed. In their ruling, IT Appellate Tribunal has ordered Income Tax Department to…

After Income Tax Dept. asked Flipkart to pay a tax of Rs 110 crore for the financial year 2015-16, they approached IT Appellate Tribunal, challenging the tax demand. The case is right now underway, as lawyers from both the sides are arguing…