Supreme Court Upholds Disallowance of MODVAT Credit as Deduction: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax (2020)

/ Ashok Bhushan, Central Excise Act, 1944, Central Excise Rules, 1944 with Rule 2(3), Deductions, Income Tax Act, 1961, Income Tax Act, 1961 with Section 43B, Judges, MODVAT Credit, Navin Sinha

Supreme Court Upholds Disallowance of MODVAT Credit as Deduction: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax (2020) LEGAL ISSUE: Whether unutilized MODVAT credit can be claimed as a deduction under Section 43B of the Income Tax Act. CASE TYPE: Income Tax Case Name: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax Judgment […]

Supreme Court Upholds Disallowance of MODVAT Credit as Deduction: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax (2020) Read Post »