Warrant Expenses deductible from Book Profit: ITAT grants relief to Lenovo [Read Order]

While granting relief to Lenovo, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the warrant expenses should be deducted from the book profit under Section 115JB of the Income Tax Act, 1961. The assessee is a renowned company Lenovo engaged in the business of manufacturing and distribution of desktop, laptop, servers […]

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