Monday, August 24, 2020

Unutilized CENVAT in respect of credit inputs/capital goods purchased can be availed for set off against the liability of Excise Duty: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that Unutilized CENVAT in respect of credit inputs or capital goods purchased can be availed for set off against the liability of Excise Duty. The assessee, M/s. Asta India Pvt. Ltd. appealed against the order of the Commissioner of Income Tax (Appeals) wherein the amount of […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2EcjeRj

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