Monday, June 7, 2021

ITC allowed on club membership if used in relation to promoting trade : CESTAT Bangalore

EXCISE/ST/VAT : Where appellant had taken General Insurance Services in relation to insurance for safeguarding assets, building and property and employees' health and life, however, had not been able to bifurcate Insurance Service availed on assets of company and on lives of persons working in said company, cenvat credit on General Insurance Services was to be denied

from www.taxmann.com Latest Case Laws https://ift.tt/2T6df7q
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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