TMI Blog2015 (1) TMI 1375X X X X Extracts X X X X X X X X Extracts X X X X ..... while setting aside the impugned order dated 14.11.2014, the respondent is directed to make assessment afresh in accordance with provisions of the Act by permitting the petitioner to avail the ITC on the excess of tax amount, within a period of four weeks from the date of receipt of a copy of this order - petition allowed - decided in favor of appellant. - W.P.No.68 of 2015 and M.P.No.1 of 2015 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (in short, the Act) permitting the petitioner to avail the ITC on the excess ITC. 3. Section 19(17) of the Act it reads as under: If the input tax credit determined by the assessing authority for a year exceeds tax liability for that year, the excess may be adjusted against any outstanding tax due from the dealer. A perusal of the above, it reveals that the Input Tax Credit determined by ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
