Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]

By Kalyani B. Nair - On January 12, 2023 2:52 pm - 2 mins read
Infosys - ITAT - Income Tax Addition of SEZ - Book Profits -Income Tax Addition - Income Tax - taxscan

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), directed the Assessing Officer (AO) to delete addition of Special Economic Zone (SEZ) book profits under Section 115JB of the Income Tax Act, 1961, thereby granting relief to M/s. Infosys Ltd. The Counsel for the assessee, Padamchand Khincha submitted that the AO added the 14A…

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