Whether input tax credit is allowed on goods that are lost, destroyed, stolen, written off, or disposed of as gifts or free samples ?
Issue Favourable to Tax Payer ?:- yes
Held - In the present case when the applicant issues a ‘complimentary ticket’ to any person, the applicant is certainly displaying an act of fo.....
Issue Favourable to Tax Payer ?:- yes
Held - I have gone through the rival submissions. I find that Rule 5B deals with inputs and capital goods. It does not specifically deal with work .....
Issue Favourable to Tax Payer ?:- yes
Held - In this case the appellant has filed the claim refund on duty paid by them on account of reversal of Cenvat credit availed on inputs which w.....
Issue Favourable to Tax Payer ?:- yes
Held - Where the CVD, Customs or Excise duty on the inputs received by the assessee in the factory and used by him in manufacturing of end product .....
Issue Favourable to Tax Payer ?:- yes
Held - It is also not in dispute that a small percentage of the imported parts were damaged in Transit and could not be used to manufacture picture.....