Tag Archives: Polycab India Ltd

Disallowances and Additions Based on Retracted Statements and Uncorroborated Third-Party Materials Are Impermissible

By | July 23, 2026
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Disallowances and Additions Based on Retracted Statements and Uncorroborated Third-Party Materials Are Impermissible Issue Whether additions made towards consultancy charges, alleged unaccounted cash sales, cash salary payments, land purchase “on-money”, and unexplained expenditures/moneys can be sustained under Sections 37, 68, 69A, and 69C when based solely on retracted statements, WhatsApp chats, and third-party loose papers… Read More »

Input Tax Credit Is Admissible on Concrete Towers Functioning as Vital Structural Supports for Machinery

By | July 18, 2026
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Input Tax Credit Is Admissible on Concrete Towers Functioning as Vital Structural Supports for Machinery Input Tax Credit Is Admissible on Concrete Towers Functioning as Vital Structural Supports for Machinery Issue Whether Input Tax Credit (ITC) of GST paid on inputs and input services used to construct a 163-meter Vertical Continuous Vulcanization (VCV) tower is… Read More »