CENVAT Credit on Cellular Phone Towers- Supreme Court Issues Notice
IN Bharti Airtel Ltd Vs Commissioner - , the Bombay High Court held that the towers and parts thereof and the prefabricated building, printers and office chairs are not capital goods under the Credit Rules, 2004 and also that the said goods are not inputs falling under Rule 2(k) of the Credit Rules.
Recently the same High Court in the Vodafone India case , confirmed this view. ().
Vodafone is in Supreme Court. The Supreme Court yesterday ordered Notice on the Appeal and Stay and tagged the matter with related cases.
Until Tomorrow with more DDT
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