In case of Senco Gold Limited
Order No. 02/WBAAR/2019-20 dated 08/05/2019
Facts of the case:
Applicant’s Contention:
Department’s Contention:
Observations and Ruling of the Authority:
“Unless the law specifically restricts the recipient from claiming the input tax credit when consideration is paid through book adjustment, credit of input tax cannot be denied on this ground alone”
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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