The Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) has stayed the income tax demand of Rs. 398 crores on the Lucknow Development Authority by observing that the authority has a prima facie case in its favour. The stay was granted on the condition of payment of 20 crore rupees in two equal instalments. […]
The post ITAT stays Rs. 398 Crores Tax Demand on Lucknow Development Authority [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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