Investment made by Promoters of Dabour India for acquiring controlling interest in it is rightly disallowed: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of investment made for acquiring a controlling interest in Dabur India Ltd by its promoters is rightly disallowed by the income tax department by invoking section 14A of the Income Tax Act, 1961. The assessee company is engaged in the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3cwoudo