The income tax department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed on Friday.
Like it on Facebook, Tweet it or share this topic on other bookmarking websites.
We can not form any opinion on the basis of this notice.There are too many cases where the assessing officer erred in assessing the income of an assessee and the higher authorities overruled it!
