Wednesday, November 10, 2021

Cenvat Credit of common input services if availed only in one unit can't be held incorrect or illegal: CESTAT

EXCISE/ST/VAT: Even if assessee availed Cenvat Credit in respect of common input service in one unit only; it was optional for assessee to either avail entire credit in said unit or distribute same proportionately to different unit

from www.taxmann.com Latest Case Laws https://ift.tt/3bW9qbd

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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...