Taxation stays on Bharti Airtel

The Income Tax Appellate Tribunal (ITAT) has partially stayed the Rs 2,668 crore tax demand raised against Bharti Airtel. The demand was made on account of demerger of tower assets to its subsidiary Bharti Infratel. The said transfer was considered as taxable by the income tax officer and consequently demand of Rs 2,668 crore was raised.
This demand was also confirmed by Commissioner of Income Tax (Appeals), who is the next appellate authority above an assessing officer. Subsequently, Bharti

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