Friday, December 21, 2018

SC grants SLP against order of HC for classification of bakery shortening under residual entry

GST/IDT : Where assessee was engaged in manufacture of 'bakery shortening' and High Court held that said product would fall under Heading No. 1517, i.e., under Residual Entry of S.R.O. No. 82/2006 of Kerala VAT Act, Supreme Court granted SLP

from www.taxmann.com Latest Case Laws http://bit.ly/2PPE5JS

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...