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2016 (11) TMI 978 - RAJASTHAN HIGH COURT

2016 (11) TMI 978 - RAJASTHAN HIGH COURT - TMI - Input Tax Credit - The respondent-assessees are carrying on separate business but they sold the goods at a rate lower than the price shown in the VAT invoice keeping in view the discount/incentive received by them from the respective dealers - Held that: - reliance placed on the decision of the case of Assistant Commissioner, Circle-A Vs. Assistant Commissioner, Circle-A, Commercial Taxes, Bharatpur (Rajasthan) and others Versus Bhagwati Building .....

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evendra Kumar ORDER 1. In all these petitions a common question has been raised about the Input Tax Credit (ITC) which was claimed by the assessee on the basis of VAT invoice. The respondent-assessees are carrying on separate business but they sold the goods at a rate lower than the price shown in the VAT invoice keeping in view the discount/incentive received by them from the respective dealers. 2. While the Assessing Officer disallowed the ITC and it was the contention of Revenue that the asse .....

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