https://www.taxtmi.com/caselaws?id=259155 The court upheld the decision of the Tax Board, confirming the dealer's entitlement to claim input tax credit based on VAT invoices despite selling goods at a discounted rate. The Revenue's argument that the discounts should be included in the trading account was rejected, as the discounts were received separately and did not violate the VAT Act. The court found no legal errors in the Tax Board's decision, dismissing the Revenue's revision petitions for lack of merit. en-us Fri, 06 Feb 2015 00:00:00 +0530 Fri, 17 Jun 2016 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259155 The court upheld the decision of the Tax Board, confirming the dealer's entitlement to claim input tax credit based on VAT invoices despite selling goods at a discounted rate. The Revenue's argument that the discounts should be included in the trading account was rejected, as the discounts were received separately and did not violate the VAT Act. The court found no legal errors in the Tax Board's decision, dismissing the Revenue's revision petitions for lack of merit. Case-Laws VAT and Sales Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259155