Span Divergent: Income Tax Appeals Commissioner Deletes ₹1.57 Lakh Addition

Span Divergent Limited announced it has received an appellate order from the Commissioner of Income Tax (Appeals)-12, Ahmedabad, for Assessment Year 2018-19. The order partly allowed the company's appeal by deleting an addition of ₹1,57,500 made by the Assessing Officer under Section 69C for alleged unexplained commission expenditure. Consequently, the related taxation under Section 115BBE was also deemed unsustainable. The company stated there is no impact on its business operations, though the exact consequential tax impact is yet to be determined.