https://www.taxtmi.com/caselaws?id=331419 Input tax credit could not be denied merely because the selling dealers' registration certificates were cancelled retrospectively. The governing principle was that a purchasing dealer is entitled to rely on the seller's registration as it stood on the date of the transaction, and later cancellation cannot undo entitlement arising from valid purchases. The burden cannot be shifted to the buyer to anticipate future cancellation of the seller's registration, as that would defeat statutory protection for dealings with a registered dealer. The assessment orders were therefore set aside. en-us Mon, 25 Jul 2016 00:00:00 +0530 Mon, 22 Aug 2016 21:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331419 Input tax credit could not be denied merely because the selling dealers' registration certificates were cancelled retrospectively. The governing principle was that a purchasing dealer is entitled to rely on the seller's registration as it stood on the date of the transaction, and later cancellation cannot undo entitlement arising from valid purchases. The burden cannot be shifted to the buyer to anticipate future cancellation of the seller's registration, as that would defeat statutory protection for dealings with a registered dealer. The assessment orders were therefore set aside. Case-Laws VAT and Sales Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331419