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2014 (11) TMI 1027 - HC - VAT and Sales TaxEntitlement to full claim of input tax credit (ITC) - whether the reversal of the claim of ITC was just and proper? - Held that:- It is not in dispute that the goods in question were sold by the applicant to the manufacturer-exporters against Form-E. Sale of goods in question to manufacturer-exporters was exempted under Section 7(c) of the Act vide notification no. K.A.N.I.-2-247/XI-9(341)/09-U.P. Act-5-08-order (58)-2010. Bare reading of the provisions of Section 13(7) clearly reveals that the applicant was not entitled for the input tax credit with respect to the sale of goods exempted under Section 7(c) of the Act. Tribunal has considered the facts of the case and held that in view of the provisions of Section 13(7) of the Act, the applicant was not entitled for input tax credit. Thus the input tax credit was lawfully reversed by the Assessing Authority. Find no infirmity in the impugned order of the Tribunal. Decided in favour of the revenue.
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