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2016 (6) TMI 64 - HC - VAT and Sales TaxWhether the Tribunal is justified in confirming the orders passed by the authorities, disallowing the input tax credit on capital goods during the tax periods 2006-07 for the purchase of capital goods made in the tax periods 2005-06 - Forms VAT 170 were filed on 19.04.2006 and 19.05.2006, the assessee purchased the capital goods during September 2005 to December 2005 and revised returns were filed during the year 2005-06 claiming input tax credit on these capital goods. Held that:- it is held that no reconsideration of the concluded issue is warranted and the claim is not maintainable. Thus, the claim of input tax credit was negated which cannot be found fault with. There is no provision under the Act and Rules to carry forward the rejected input tax credit to the subsequent year. The claim made by the assessee is not in consonance with Section 12 of the Act read with Rule 133(e) and the proviso thereto. Therefore, we do not see any illegality or infirmity in the order passed by the Tribunal. - Decided against the assessee
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