Flipkart receives ₹1,700 crore relief from Bengaluru tax tribunal

  • Flipkart receives ₹1,700 crore relief from the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT).
  • The ITAT ruling was based on a similar ruling by the Karnataka High Court in a case involving pharmaceutical company Biocon.
  • The ruling also followed a case involving Novo Nordisk.
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