Tax Assessment Update
PCIT Revises Tax Order for AY 2020-21
Principal Commissioner of Income Tax, Chennai partly set aside a prior order for AY 2020-21, directing the Assessing Officer to re-examine disallowance of trademark fees (Rs 5.12 Cr) and accepting the company’s stance on DB plan (Rs 2.49 Cr); expected impact Rs 2.66 Cr (excl. interest/penalty).



