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Income Tax - Highlights / Catch Notes

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Revisions u/s 263 by CIT - Whether the assessee has claimed VAT ...

Income Tax

January 27, 2022

Revisions u/s 263 by CIT - Whether the assessee has claimed VAT input on the deemed import as an expense in the profit and loss account? - This fact, to our understanding, has not been verified by the AO. At the time of hearing the learned AR has also not brought anything on record suggesting that the assessee has not claimed VAT input on the deemed import as an expense in the profit and loss account - Revision proceedings upheld - AT

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