Business Expenditure for Group Investments Allowable Even Without Income: ITAT Delhi

NDTV Networks Ltd. Vs DCIT (ITAT Delhi)

New Delhi: In a significant ruling for NDTV Networks Ltd., the Income Tax Appellate Tribunal (ITAT) Delhi bench has provided partial relief in a tax appeal for the assessment year 2014-15. The tribunal addressed key disputes, centrally including whether the investment activities of a holding company can be considered ‘business’ under tax law, and ultimately deleted substantial tax additions made by the authorities.

The appeal challenged the order of the

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