Taxpayer can Opt a Method resulting in Lowest Tax Liability, When Two Alternatives are Available: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), in an assessee-friendly ruling, held that if there exist two methods for tax payment, the assessee can opt the method which would result in the lowest tax liability. The Tribunal opined that in such cases, it cannot be treated as a device to escape from […]

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