Flipkart wins relief over tax on discounts- Rakesh Nangia
In a major relief to e-commerce retailer Flipkart, the Income Tax Appellate Tribunal (ITAT) is learnt to have rejected the I-T Department’s tax demand of ₹110 crore from the company, which had claimed tax deductions on its marketing and discount expenses by classifying them as revenue expenditure.
Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications:
- Economic Times- Front page/First story
- Business Standard- Front page/First story-Standalone
- Livemint- Front page/First story-Standalone
- Financial Express- Front page/First story-Standalone