AO may call for objection in respect of ‘Input Tax Credit on reversal on Wastage’ and ‘Ineligible claim of ITC on Goods’: Madras HC [Read Order]

The Madras High Court allowed the Assessing Officer (AO) to issue a show-cause notice to the petitioner calling for his objections with regard to “Input Tax Credit on reversal on wastage” and “Ineligible claim of ITC on goods” are concerned. The petitioner, M/s.Sri Ranganathar Valves Private Limited raised issues related to the restriction of the […]

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