This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT allows deduction of CENVAT Credit written off
Case Law Details
- Case Name
- G-Tekt India Pvt. Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
G-Tekt India Pvt. Ltd. Vs DCIT (ITAT Delhi)
The primary issue was whether the CIT(A) was justified in confirming the disallowance of ₹89,55,542 on account of CENVAT credit written off by G-Tekt India Pvt. Ltd.
Facts of the Case
G-Tekt India Pvt. Ltd., a manufacturer of automobile parts, filed its return for AY 2013-14 declaring an income of ₹3,27,47,550. During the year, the company acquired the assets and liabilities of Global Auto Parts Alliance India Pvt. Ltd. (GAPAIL) through a slump sale effective from 01.04.2012. Among the assets acquired was a substantial CENVAT credit balance of â‚...
Author Info
