Input Tax Credit for construction materials used in capital goods upheld in favour of the assessee

Input Tax Credit on steel, cement, kapachi, greet and similar materials used in construction of capital goods was upheld on the High Court's reasoning, as no infirmity was found in that determination. The Court did not disturb the finding on eligibility of Input Tax Credit for such purchases used in construction of capital goods, and the issue was answered in favour of the assessee and against the Revenue.

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Issues: Whether Input Tax Credit was available on purchase of steel, cement, kapachi, greet etc. used for construction of capital goods.

Analysis: The question was examined on the basis of the High Court's view and no infirmity was found in that determination. The Court did not disturb the High Court's conclusion on eligibility of Input Tax Credit for the stated purchases used in construction of capital goods.

Conclusion: The issue was answered in favour of the assessee and against the Revenue.

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