https://www.taxtmi.com/caselaws?id=210376 A revisional authority cannot disturb a reasoned appellate finding on input tax credit merely because the appellate order does not list each transaction individually, where the record shows separate books, purchase bills, stock transfer memos and a one-to-one correlation between local LPG purchases and stock transfers outside the State. The appellate authority had found that the statutory conditions for restriction under Section 17 of the Karnataka Value Added Tax Act, 2003 read with Rule 131 of the Karnataka Value Added Tax Rules, 2005 were not attracted, and that factual conclusion was based on evidence. The revisional order was therefore unsustainable and the input tax credit allowed by the appellate authority stood restored. en-us Fri, 09 Sep 2011 00:00:00 +0530 Wed, 17 Sep 2014 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210376 A revisional authority cannot disturb a reasoned appellate finding on input tax credit merely because the appellate order does not list each transaction individually, where the record shows separate books, purchase bills, stock transfer memos and a one-to-one correlation between local LPG purchases and stock transfers outside the State. The appellate authority had found that the statutory conditions for restriction under Section 17 of the Karnataka Value Added Tax Act, 2003 read with Rule 131 of the Karnataka Value Added Tax Rules, 2005 were not attracted, and that factual conclusion was based on evidence. The revisional order was therefore unsustainable and the input tax credit allowed by the appellate authority stood restored. Case-Laws VAT and Sales Tax Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210376