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2017 (11) TMI 1617 - HC - VAT and Sales TaxInput tax credit - whether the petitioner can be denied input tax credit for the period from April 2007 onwards and whether the respondent was right in restricting it for a period of 90 days? - Held that: - The question of restricting the input tax credit for 90 days is incorrect. If such is the situation, it goes without saying that the petitioner would be entitled to input tax credit for the entire period, as the petitioner has paid higher rate of tax - The decision in the case of CKG. Agencies Versus Assistant Commissioner (CT) FAC Avinashi Assessment Circle, Coimbatore [2010 (4) TMI 1022 - MADRAS HIGH COURT], would squarely apply to the facts of the case, wherein it has been held that the assessee was entitled to avail benefit of input tax credit, once the turnover exceeds ₹ 50,00,000/- limit - petition allowed.
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