Alerts & Updates

ELP Tax Alert – Flipkart India Private Limited

Tax | May 18, 2018

Recently, the Income Tax Appellate Tribunal, Bangalore in the case of Flipkart India Private Limited vs. ACIT, has held that one cannot proceed on the presumption that profit forgone is expenditure incurred and further that expenditure incurred was for acquiring intangible assets like brand, goodwill etc.

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