ITAT rejects govt’s Rs 110 cr additional tax demand in favour of Flipkart

(G.N.S) Dt. 26 New Delhi Flipkart can heave a sigh of relief after the Income Tax Appellate Tribunal (ITAT) rejected the revenue department’s demand that discounts offered by the e-commerce giant should be re-classified as capital expenditure, according to media reports. The development comes two months after Flipkart lost an