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2018 (9) TMI 158 - HC - VAT and Sales TaxCancellation of registration with retrospective effect - GVAT Act - Held that:- Even if the cancellation of registration was to be upheld, the question is, should the same has been ordered with retrospective effect providing for cancellation of registration from inception. Even if such registration is cancelled, the purchasing dealers in their assessments can always argue that their transactions with the petitioner were genuine and that therefore they cannot be deprived of the input tax credit concerning such transactions. The cancellation of registration from the date of the order would continue to operate - petition allowed.
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