SC: Oraon Tribe Custom Doesn't Allow Uncle-In-Law to Adopt Niece's Husband as Ghar Damad  ||  Kerala HC Approves New Public Prosecutor Appointment Guidelines After a Minor Revision  ||  Rajasthan HC Clarifies Criminal Writ Petitions Have No Separate Constitutional Status  ||  Delhi HC Clarifies if Whatsapp Acknowledgment Can Make an Arbitral Award Binding  ||  Allahabad HC: Limitation Cannot be Extended Through Belated Representations or Letters  ||  Madras HC: Private Schools Fall Outside RTI but Must Disclose Fee Structure  ||  Bombay HC Orders Removal of AI-Made Deepfakes and Morphed Images of Preity Zinta  ||  P&H HC: BNSS Pre-Cognizance Hearing Doesn't Apply to Serious Fraud Investigation Office Cases  ||  Madras HC: Election Plea Becomes Infructuous After Assembly Term Ends, Barring Corruption  ||  Supreme Court: Banks Cannot Effectively Blacklist Lawyers by Placing Them on Caution Lists    

Bombay High Court: No Addition Can be Made in Respect of Unutilized Cenvat Credit to Closing Stock - (04 Aug 2017)

Bombay High Court, while upholding Tribunal order deleting addition in respect of unutilized Cenvat credit to closing stock, has held that irrespective of method of accounting followed, the unutilized Cenvat credit does not constitute income as per provisions of Section 145A of Income Tax Act.

Tags : BOMBAY HIGH COURT   INCOME TAX ACT  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved