https://www.taxtmi.com/caselaws?id=405418 The HC of Madras upheld the ITAT's decision favoring the assessee, allowing the claim of the opening balance in the Service Tax Set Off Account as business expenditure under the Income Tax Act for the assessment year 2007-08. The Court found the Tribunal's reliance on precedents and interpretation of CENVAT Scheme principles appropriate, dismissing the Revenue's appeal. en-us Mon, 08 Mar 2021 00:00:00 +0530 Tue, 29 Oct 2024 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405418 The HC of Madras upheld the ITAT's decision favoring the assessee, allowing the claim of the opening balance in the Service Tax Set Off Account as business expenditure under the Income Tax Act for the assessment year 2007-08. The Court found the Tribunal's reliance on precedents and interpretation of CENVAT Scheme principles appropriate, dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 08 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405418