Tuesday, August 18, 2020

No disallowance for Marketing Expenses incurred by Nokia India on purchase of Mobile phones and Accessories under India-Finland DTAA: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Assessing Officer (AO) erred in disallowing marketing expenses incurred by Nokia India on the purchase of mobile phones and accessories. The assessee company, Nokia India Pvt. Ltd. was incorporated in 1995 and is a wholly-owned subsidiary of Nokia Corporation, Finland. The company is primarily […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3h2V7CC

No comments:

Post a Comment