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![Assessee Paying Tax at Compounded Rate can Claim ITC for Purchases made from Beginning of the year when TO Exceeds 50 Lakhs: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Input-Tax-Credit-Taxscan.jpg "Assessee Paying Tax at Compounded Rate can Claim ITC for Purchases made from Beginning of the year when TO Exceeds 50 Lakhs: Madras HC [Read Order]")
Assessee Paying Tax at Compounded Rate can Claim ITC for Purchases made from Beginning of the year when TO Exceeds 50 Lakhs: Madras HC [Read Order]
The Madras High Court recently ruled that the Assessee, who was paying tax at compounded rate can claim Input tax credit for the purchases made from...