'Reasonable steps' in Cenvat Credit Rules – Signals of coming back ..!! Posted: 30 Sep 2012 04:45 AM PDT Off late many assessees faced the wrath of the Department by way of Show Cause Notices, spot recoveries and personal penalties owing to the alleged failure to take reasonable care while taking Cenvat credit. If the default of duty or tax payment is necessitated either due to genuine reasons or...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Entries in a bank passbook cannot be treated as books of accounts for
Section 68
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ITAT Raipur rules in favor of Asha Soni, vacating a Rs. 35 lakh unexplained
cash credit. The court found that Section 68 additions cannot be made if no
b...
4 hours ago
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