https://www.taxtmi.com/caselaws?id=328355 Input tax credit on capital goods had to be claimed in the prescribed return for the relevant period under the Karnataka Value Added Tax Act and Rules, and a transitional claim was limited to the mechanism recognised by the Rules. Where the earlier rejection of the credit for the original tax period had been confirmed on appeal and had attained finality, there was no provision permitting the dealer to carry the rejected credit forward to a later assessment year. The concluded issue could not be reopened in the subsequent period, so the later claim was not maintainable and the question of law was answered against the assessee and in favour of the Revenue. en-us Tue, 12 Apr 2016 00:00:00 +0530 Thu, 22 Mar 2018 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328355 Input tax credit on capital goods had to be claimed in the prescribed return for the relevant period under the Karnataka Value Added Tax Act and Rules, and a transitional claim was limited to the mechanism recognised by the Rules. Where the earlier rejection of the credit for the original tax period had been confirmed on appeal and had attained finality, there was no provision permitting the dealer to carry the rejected credit forward to a later assessment year. The concluded issue could not be reopened in the subsequent period, so the later claim was not maintainable and the question of law was answered against the assessee and in favour of the Revenue. Case-Laws VAT and Sales Tax Tue, 12 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328355