RECENT INCOME TAX CASE LAWS IN INDIA

We are Posting here on Regular Basis Recent Judgements on Direct Tax delivered by Supreme Court, High Court and Tribunals.

‘Reasonable steps’ in Cenvat Credit Rules – Signals of coming back ..!!

Posted by kanoisandeep | Sunday, September 30, 2012

'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! ]]

UPDATES FROM TAXGURU