The Chennai bench of the Income Tax Appellate Tribunal (ITAT) VAT collected separate from customers different from charges u/s 40 (a) (iib) of the Income Tax Act,1961 and deductionis allowable. M/s. Tamilnadu State Marketing Corporation Ltd., the assessee challenged the revision order passed by PCIT by holding the assessment framed as erroneous and prejudicial to…
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