Tata Consumer Products Wins Income Tax Tribunal Case on Intangibles

Tata Consumer Products Ltd has received a favorable order from the Income Tax Appellate Tribunal, Kolkata Bench, concerning a dispute over the claim of tax depreciation on intangibles. This ruling overturns a previous Income Tax Assessment Order for Assessment Year 2020-21, which had imposed a demand for tax and interest. The company had appealed this order, and the tribunal's decision is a significant win, resolving a key income-tax litigation matter. The details of the order are being made available on the company's website.