Can’t pay tax on fictional income: Flipkart to Income Tax Appellate Tribunal

BENGALURU: Flipkart has challenged the income-tax department’s demand that it reclassify marketing expenses and discounts as capital expenditure, arguing before the Income Tax Appellate Tribunal (ITAT) that tax cannot be levied on “fictional income”. Read more here: Can’t pay tax on fictional income: Flipkart to Income Tax Appellate Tribunal
Read More Here: Can’t pay tax on fictional income: Flipkart to Income Tax Appellate Tribunal