Read More: - MUMBAI: The Income Tax Appellate Tribunal (ITAT) has quashed an order assessing Rs 759 crore as income in the hands of Tata Sons as due provisions were not followed as regards jurisdiction over the assessment and transfer of the case.
Tata Sons had declared an income of Rs 22 crore in its I-T return for 2003-04. The determination of a higher income by the additional commissioner of income-tax led to Tata Sons filing additional grounds of appeal before the ITAT.