ITC available on evaporation loss of petrol pumps: HC

Excise and Taxation Commissioner Vs Gupta Brother (Punjab and Haryana High court)

Issue –Whether in the facts and circumstances of the case the assessee is entitled to ITC under the provisions of the Act on evaporation/handling losses of the petroleum products?

Held – The question is answered in favour of the dealer i.e. assessee shall be entitled to ITC on evaporation of the petroleum products.

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