Tag: Section 43B

Input VAT credit reversal deduction on payment basis u/s 43B irrespective of separate VAT account

Input VAT credit reversal deduction to be allowed on payment basis u/s 43B irrespective of separate VAT account INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘SMC’ BENCH, KOLKATA I.T.A. No. 1047/KOL/ 2015 Assessment Year: 2009-2010 BDG Metal and Power Limited … Appellant vs. Deputy Commissioner of Income Tax… Respondent Date of Order: …