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2016 (8) TMI 803 - HC - VAT and Sales TaxAssessment order - Revision of input tax credit – purchase from registration cancelled dealers – TNVAT - Held that: - Whatever benefits that has accrued to the petitioners based on valid documents in the course of sale and purchase of goods, for which tax has been paid cannot be declined. The transaction that took place when the registration certificates of the selling dealer were in force cannot be denied to the petitioners/assesses. The notices, revised assessment orders and the provisional assessment order, insofar as it seeks to deny the benefit of input tax credit to the petitioners/assessees only on the ground that the registration certificates of the selling dealers have been cancelled with retrospective effect, are set aside – writ petition allowed – decided in favor of appellant.
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