recovery of expenditure
This query is : Resolved
10 March 2010
Sir, if cenvat credit of earlier years is taken in current year then will the amt. of cenvat credit availed be taxable as recovery of expenditure u/s 41(1) in the current year??
10 March 2010
Dear Rahul
It's not taxable as per sec. 41(1). Hence don't worry
It's not taxable as per sec. 41(1). Hence don't worry
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