HC rejects tax rebate

The ITAT , in its order December 20,2004  had allowed a rebate on the payment made by Mahesh Bhupathi to his father during 1995-96 to 2002-03. However the Income Tax department appealed before the High Court stating that such a contract has no standing in the law. The Division Bench comprising Justices K L Manjunath and B V Nagarathna has set aside the order.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry