I-T dept moves appellate tribunal against Rs 32.66-cr tax relief to Dr Lal PathLabs
Dr Lal PathLabs, in a regulatory filing, said that it received an intimation on Wednesday regarding an appeal filed by the I-T Department before the Income Tax Appellate Tribunal (ITAT), New Delhi.
Dr Lal PathLabs, in a regulatory filing, said that it received an intimation on Wednesday regarding an appeal filed by the I-T Department before the Income Tax Appellate Tribunal (ITAT), New Delhi.
The department has challenged an order passed by the Commissioner of Income Tax (Appeals) granting relief to the company for Assessment Year 2022-23 under Section 250 of the Income Tax Act, 1961, the filing said.
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The order provided relief to the company against the disallowance of ESOP expenses amounting to Rs 32,66,18,927.
Dr Lal PathLabs said it "does not reasonably expect the outcome of the appeal to have any material impact" on the company.
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