Karnataka HC rules in favor of taxpayer's delayed claim for Input Tax Credit, dismissing Revenue's appeal with no costs.

The HC of Karnataka ruled in favor of the assessee, affirming entitlement to Input Tax Credit despite a delayed claim. The Court dismissed the writ appeal, resolving the issues in favor of the assessee and against the Revenue, with no costs awarded. The decision was consistent with prior reasoning in STRP No.234/2016.

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Issues involved:
Whether the assessee is entitled to the benefit of Input Tax Credit even though it is claimed belatedlyRs.

Analysis:

The High Court of Karnataka, comprising of Mr. Justice P.S. Dinesh Kumar and Mr. Justice Umesh M. Adiga, addressed the issue of whether the assessee can avail the Input Tax Credit despite a delayed claim. In the case of STRP No.234/2016, the Court deliberated on this question along with other related issues and ruled in favor of the assessee. The judgment emphasized that the assessee is indeed entitled to the benefit of input tax credit, even if the claim is made after the stipulated time period.

The Court's decision, as outlined in the judgment, dismissed the writ appeal and confirmed that the questions raised were resolved in favor of the assessee and against the Revenue. The order indicated that there would be no costs incurred in this matter. The ruling was based on the reasoning recorded in the aforementioned case, STRP No.234/2016, where the Court had already established the entitlement of the assessee to claim input tax credit despite the delay in submission.

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