ITAT upholds VAT Remission Disallowance as Assessee Fails to raise Issue of Allowabiility of Subsidies under Chapter VI A

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that although prima facie, the issue goes in favour of the assessee in view of the various judgements rendered by the Supreme Court as well as High Court, those aspects were never examined by the authorities below as the assessee did not file any…

Source: taxscan.in