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2015 (11) TMI 1222 - ANDHRA PRADESH HIGH COURTEligibility of input tax credit - Held that:- No provision in the APVAT Act to compute input-tax credit division wise; and the Advance Ruling is not applicable to the present case in view of the judgment rendered by the A.P. High Court in Maxwroth Plywoods Private Limited [2010 (9) TMI 994 - ANDHRA PRADESH HIGH COURT]. The tax revision case, preferred by the State of Andhra Pradesh against the said order of the STAT, was dismissed by a Division Bench of this court in State of A.P. v. Cavinkare (P) Ltd. (2013 (7) TMI 929 - High Court Of Andhra Pradesh). - In the absence of any statutory provision, restricting input-tax credit only to the output tax payable in a particular division, the respondents were not justified in holding that the petitioner was not entitled to claim adjustment of the input-tax credit with the output tax payable in their other divisions - Impugned order is set aside - Matter remanded back - Decided in favour of assessee.
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