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ITAT Deletes ₹11,003 Crore Tax Disallowance Against Reliance Jio
The Income Tax Appellate Tribunal (ITAT) has deleted an ₹11,003-crore tax disallowance against Reliance Jio Infocomm for the assessment year 2019-20; the tribunal ruled that a company's expense reflection in its books cannot determine its tax treatment.
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