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2016 (12) TMI 1869 - HC - VAT and Sales TaxInput tax credit - Respondent Assessee has not proved the transaction between it and M/s Mahesh Steel Centre & M/s Rajahans Metals - whether the finding recorded by the Tribunal for the discharge of the burden by the assessee could be said as perverse to the record or not? - Section 70 of the KVAT Act - HELD THAT:- Once the purchaser dealer-assessee satisfactorily demonstrates that while purchasing goods, he has paid the amount of VAT to the selling dealer, the matter should end so far as his entitlement to the claim input tax credit. If the selling dealer has not deposited the amount in full or a part thereof, it would be for the Revenue to proceed against the selling dealer. But thereby the benefit of input tax credit cannot be deprived to the purchaser dealer. Petition dismissed.
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