Advances received in Tax Period under Consideration are Taxable: CESTAT [Read Order]

Advances received in Tax Period under Consideration are Taxable, rules CESTAT
tax Period - CESTAT - Customs Excise - TAXSCAN

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the advances received in tax period under consideration are taxable. It is the case of the assessee that it is engaged in the business of civil construction, it was awarded a contract for construction of factory building by M/s. Lotte…

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