Thursday, August 27, 2020

Exemption for captive consumption of manufactured goods isn't an absolute exemption; CCR can't denied

GST/EXCISE/ST/VAT : Where assessee had paid duty on goods manufactured without availing exemption under Notification No. 65/95 dated 16-3-1995, availment of cenvat credit by assessee during material periods was justified

from www.taxmann.com Latest Case Laws https://ift.tt/2Ev6QvM
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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...