https://www.taxtmi.com/caselaws?id=220475 The High Court upheld that leasing of motor vehicles qualifies as "resale in an unmodified form," entitling dealers to claim input tax credit (ITC) under Section 9 of the Delhi Value Added Tax Act. The Court rejected the revenue's argument that motor vehicles are non-creditable goods, emphasizing that leasing activities amount to resale. Additionally, the Court ruled against the Tribunal's decision on proportional availment of ITC by leasing companies, stating that such a concept is not supported by the statute. The Court dismissed the revenue's appeals and allowed the assessee's appeal, affirming their entitlement to ITC. en-us Thu, 17 Jan 2013 00:00:00 +0530 Wed, 23 Jan 2013 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220475 The High Court upheld that leasing of motor vehicles qualifies as "resale in an unmodified form," entitling dealers to claim input tax credit (ITC) under Section 9 of the Delhi Value Added Tax Act. The Court rejected the revenue's argument that motor vehicles are non-creditable goods, emphasizing that leasing activities amount to resale. Additionally, the Court ruled against the Tribunal's decision on proportional availment of ITC by leasing companies, stating that such a concept is not supported by the statute. The Court dismissed the revenue's appeals and allowed the assessee's appeal, affirming their entitlement to ITC. Case-Laws VAT and Sales Tax Thu, 17 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220475