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 Commissioner of Income Tax (Appeals) [CIT(A)], which had largely upheld the disallowances ...