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VAT - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Availing Input Tax Credit (ITC) wrongly - Penalty u/s 27(4) - ...

Case Laws     VAT and Sales Tax

March 9, 2019

Availing Input Tax Credit (ITC) wrongly - Penalty u/s 27(4) - strict interpretation has to be given to any exemption notification and the interpretation should lean in favour of the Revenue - levy of penalty confirmed.

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