ITC rule: Bombay High Court seeks response from state’s revenue dept
Source: Business Standard 3 min read Last Updated : Oct 14 2024 | 11:00 PM IST The Bombay High Court has recently granted an interim stay on a court order asking Enzene Biosciences Ltd to reverse proportionate Input Tax Credit (ITC) on interest earned on fixed deposits(FDs), and directed the pharmaceutical company to pay…