https://www.taxtmi.com/caselaws?id=180862 The Court, exercising jurisdiction under Article 226 of the Constitution of India, directed the Board to pay the input tax credit amount to the petitioner within three months. Failure to comply would result in the accrual of 10% interest. The Court emphasized the importance of input tax credit in the value addition regime introduced by the KVAT Act and clarified that the contract did not waive the petitioner's right to claim input tax credit. The writ petition was allowed, ensuring the petitioner's receipt of the input tax credit as per statutory provisions. en-us Mon, 25 May 2015 00:00:00 +0530 Mon, 04 Apr 2016 09:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180862 The Court, exercising jurisdiction under Article 226 of the Constitution of India, directed the Board to pay the input tax credit amount to the petitioner within three months. Failure to comply would result in the accrual of 10% interest. The Court emphasized the importance of input tax credit in the value addition regime introduced by the KVAT Act and clarified that the contract did not waive the petitioner's right to claim input tax credit. The writ petition was allowed, ensuring the petitioner's receipt of the input tax credit as per statutory provisions. Case-Laws VAT and Sales Tax Mon, 25 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180862