Question of ITC in Building Construction Material such as Angle, Cement, H.R. Sheets, Channel, Cylinder etc. under UPVAT – High Court admits Petition
ABCAUS Case Law Citation:
ABCAUS 2788 (2019) (02) HC
The respondent company had claimed Input Tax Credit (I.T.C.) in regard to the Building Construction Material such as Angle, Cement, H.R. Sheets, Channel, Cylinder etc. which was disallowed by the UP VAT Assessing Authority.
Feeling aggrieved by that order, the dealer preferred an appeal before the first appellate authority which was also rejected.
The dealer preferred second appeal before the Commercial Tax Tribunal, which was allowed.
Aggrieved, the Commissioner, Commercial Tax, U.P. has preferred this revision petition before the High Court.
It was contended on behalf of the UP VAT Authorities that the capital goods have been defined in Section 2(f) of the U.P. Value Added Tax Act and it does not cover the building material as capital goods.
The High Court has admitted the petition on found force in the above argument.
When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…
ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…
Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…
Corporate guarantees executed by the corporate debtor constitute “financial debt” under IBC and banks to be recognized as financial creditors…
Canara Bank Online Concurrent Auditors Empanelment 2026-27. Last Date to apply online is 09.05.2026 Canara Bank Online Concurrent Auditors Empanelment…
The CIT(E) should have provided opportunity to assessee to produce documents and should have decided the application on its merit…