Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expens...
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Denial of Input Tax Credit - The case revolved around the disallowance of Input Tax Credit (ITC) claimed by the petitioner due to discrepancies in their return and the GSTR-2A return. The petitioner explained that the discrepancy arose from an invoice issued by their supplier, which contained an incorrect GSTIN. Despite the respondent's suggestion to pursue rectification proceedings, the court intervened, noting the potential injustice faced by the petitioner. Upon verification of records, the court found merit in the petitioner's claim and quashed the assessment order. The matter was remanded to the assessing officer for fresh consideration.
Denial of Input Tax Credit - The case revolved around the disallowance of Input Tax Credit (ITC) claimed by the petitioner due to discrepancies in their return and the GSTR-2A return. The petitioner explained that the discrepancy arose from an invoice issued by their supplier, which contained an incorrect GSTIN. Despite the respondent's suggestion to pursue rectification proceedings, the court intervened, noting the potential injustice faced by the petitioner. Upon verification of records, the court found merit in the petitioner's claim and quashed the assessment order. The matter was remanded to the assessing officer for fresh consideration.
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