Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Relief for IndiGo: ITAT Upholds Deletion of Rs. 11.05 Crore Disallowance u/s 37 as AO’s Final...
Income TaxOther Legal Matters
Relief for IndiGo: The ITAT (Income Tax Appellate Tribunal) has upheld the deletion of an ₹11.05 crore disallowance, as the Assessing Officer's final assessment confirmed nil income. The disallowance was initially made during the processing of the return under Section 143(1) of the Income Tax Act. However, since the final scrutiny assessment under Section 143(3) resulted in nil taxable income, the tribunal found the initial disallowance to be irrelevant, preventing double taxation or an incorrect demand.
