https://www.taxtmi.com/caselaws?id=165478 The court set aside the assessment order that adjusted input tax credit against manufacturing activity first, ruling in favor of the petitioner's preferred method to avail tax deferment benefits fully. The court emphasized the assessing officer cannot impose a method denying the assessee full benefit of available tax deferment, holding the method adopted was unauthorized by law and not beneficial to the petitioner. The judgment clarified permissible methods of adjusting input tax credits against output tax payable, ensuring entitled benefits are availed without undue detriment. en-us Tue, 21 Sep 2010 00:00:00 +0530 Wed, 24 Sep 2014 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165478 The court set aside the assessment order that adjusted input tax credit against manufacturing activity first, ruling in favor of the petitioner's preferred method to avail tax deferment benefits fully. The court emphasized the assessing officer cannot impose a method denying the assessee full benefit of available tax deferment, holding the method adopted was unauthorized by law and not beneficial to the petitioner. The judgment clarified permissible methods of adjusting input tax credits against output tax payable, ensuring entitled benefits are availed without undue detriment. Case-Laws VAT and Sales Tax Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165478