https://www.taxtmi.com/caselaws?id=163771 Transitional input-tax credit under the Punjab VAT regime was construed purposively where the Rules were published after the appointed day. A literal reading that treated the filing period as running from the appointed day would have required compliance before the Rules came into force and would make the statutory condition impossible to perform. The Court therefore held that the prescribed period for furnishing the claim had to be counted from the date of publication of the Rules, so the transitional credit mechanism remained workable and the claim was not time-barred on the Revenue's construction. en-us Thu, 08 Jan 2009 00:00:00 +0530 Thu, 20 Nov 2014 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163771 Transitional input-tax credit under the Punjab VAT regime was construed purposively where the Rules were published after the appointed day. A literal reading that treated the filing period as running from the appointed day would have required compliance before the Rules came into force and would make the statutory condition impossible to perform. The Court therefore held that the prescribed period for furnishing the claim had to be counted from the date of publication of the Rules, so the transitional credit mechanism remained workable and the claim was not time-barred on the Revenue's construction. Case-Laws VAT and Sales Tax Thu, 08 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163771