https://www.taxtmi.com/highlights?id=57243 Allowable expenditure under Income Tax Act - opening balance in Service Tax Set Off Account (STA) made by the assessee - In fact, the Tribunal has taken into consideration as to how the CENVAT Scheme operates and granted relief to the assessee. The Tribunal has once again re-appreciated the factual position and found that the decision in M/s.NCS Distilleries P. Ltd., would fully apply to the case on hand - substantial questions of law are answered against the Revenue. - HC en-us Fri, 19 Mar 2021 15:04:31 +0530 Fri, 19 Mar 2021 15:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57243 Allowable expenditure under Income Tax Act - opening balance in Service Tax Set Off Account (STA) made by the assessee - In fact, the Tribunal has taken into consideration as to how the CENVAT Scheme operates and granted relief to the assessee. The Tribunal has once again re-appreciated the factual position and found that the decision in M/s.NCS Distilleries P. Ltd., would fully apply to the case on hand - substantial questions of law are answered against the Revenue. - HC Highlights Income Tax Fri, 19 Mar 2021 15:04:31 +0530 https://www.taxtmi.com/highlights?id=57243