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Saturday, October 12, 2024

Tata Communications appeals an I-T Dept. TDS ruling for Rs. 228.49 billion to the ITAT


<p>According to an exchange filing, Tata Communications has filed a petition with the Income Tax Appellate Tribunal in an effort to overturn a decision by the Income Tax Commissioner Court that rejected the company’s appeal against a tax demand of Rs 228.49 crore.<img decoding=”async” class=”alignnone wp-image-169787″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-tata-communications-appeals-an-i-t-dept-tds-ruling-for-rs-228-49-billion-to-the-it.jpg” alt=”theindiaprint.com tata communications appeals an i t dept tds ruling for rs 228 49 billion to the it” width=”1186″ height=”664″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-tata-communications-appeals-an-i-t-dept-tds-ruling-for-rs-228-49-billion-to-the-it.jpg 300w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-tata-communications-appeals-an-i-t-dept-tds-ruling-for-rs-228-49-billion-to-the-it-150×84.jpg 150w” sizes=”(max-width: 1186px) 100vw, 1186px” title=”Tata Communications appeals an I-T Dept. TDS ruling for Rs. 228.49 billion to the ITAT 6″></p>
<p>The firm claimed that it had appealed TDS rulings claiming underdeduction of tax at source for assessment years 2013–2014 to 2018–19 before the Commissioner of Income-tax (Appeals), Mumbai, in a late-night filing on Friday.</p>
<p>According to the statement, the corporation might potentially lose 228.49 crore rupees as a result.</p>
<p>The appeals against the firm were decided by orders issued by the Commissioner of Income-tax (Appeals), Mumbai, which were received by the company on September 7, 2023.</p>
<p>According to Tata Communications, “the business filed an appeal against these rulings before the Income Tax Appellate Tribunal on September 8, 2023.</p>
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