https://www.taxtmi.com/caselaws?id=334960 HC held that input tax credit claimed by respondent-assessee is allowable based on the VAT invoice despite goods being sold at prices lower than invoiced due to discounts/incentives from dealers. Relying on prior authority, the court found ITC entitlement is determined by the invoice and not the subsequent sale value. The petition challenging the allowance was dismissed and the decision affirmed in favor of the respondent-assessee. en-us Wed, 02 Nov 2016 00:00:00 +0530 Mon, 08 Sep 2025 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334960 HC held that input tax credit claimed by respondent-assessee is allowable based on the VAT invoice despite goods being sold at prices lower than invoiced due to discounts/incentives from dealers. Relying on prior authority, the court found ITC entitlement is determined by the invoice and not the subsequent sale value. The petition challenging the allowance was dismissed and the decision affirmed in favor of the respondent-assessee. Case-Laws VAT / Sales Tax Wed, 02 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334960