Relief to InterGlobe Aviation: ITAT deletes Disallowance on Lease Rental Payments to tune of Rs. 366.32 Cr [Read Order]

In a major relief to the  InterGlobe Aviation, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted disallowance on Lease Rental Payments to the tune of Rs. 366.32 Crores. The assessee, InterGlobe Aviation is a company engaged in the business of operating Airlines. It filed its return of income declaring income of Rs. 2,32,97,58,440/-. […]
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