VAT Payment would not amount to Fee u/s 40(a)(iib) of Income Tax Act: ITAT [Read Order]

VAT - Payment - Income - Tax - Act - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Chennai Bench recently in an appeal held that Value Adedd Tax payment would not amount to Fee under section40 (a) (iib) of Income Tax Act 1961. AssesseeTamilnadu State Marketing Corporation Ltd is a State owned undertaking engaged in trading and retail vending in liquor. In the year 2014-2015, After…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹599 + GST for 1 year

Subscribe Now

M/s. Tamilnadu StateMarketing Corporation Ltd vs The ACIT

Counsel for Appellant:   R.Vijayaraghavan

Counsel for Respondent:   M. Rajan

CITATION:   2022 TAXSCAN (ITAT) 1738

Related Stories