https://www.taxtmi.com/caselaws?id=186774 Retrospective cancellation of a seller's registration does not, by itself, justify reversal or denial of input tax credit already availed by a purchasing dealer who acted on the strength of a valid registration certificate then in force. The court applied the principle that a buyer is entitled to rely on the seller's existing registration when the transaction was made, and a later retrospective cancellation cannot prejudice that position. Following the earlier binding view, the denial of input tax credit on this ground was held unsustainable, and the assessment orders were set aside to that extent. en-us Mon, 20 Apr 2015 00:00:00 +0530 Wed, 29 Mar 2017 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186774 Retrospective cancellation of a seller's registration does not, by itself, justify reversal or denial of input tax credit already availed by a purchasing dealer who acted on the strength of a valid registration certificate then in force. The court applied the principle that a buyer is entitled to rely on the seller's existing registration when the transaction was made, and a later retrospective cancellation cannot prejudice that position. Following the earlier binding view, the denial of input tax credit on this ground was held unsustainable, and the assessment orders were set aside to that extent. Case-Laws VAT and Sales Tax Mon, 20 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186774