https://www.taxtmi.com/caselaws?id=335300 Where raw material is used for both taxable and VAT-exempt goods, input tax credit is admissible only proportionately to taxable turnover under the Rajasthan Value Added Tax Act, 2003, and not on exempt output. Penalty under Section 61 is not justified where the claim raises a debatable issue and no mala fide conduct is shown. Applying the earlier binding view on identical facts, the HC rejected the assessee's challenge and dismissed the revision, subject to any contrary final decision of the Supreme Court in the connected matter. en-us Wed, 28 Sep 2016 00:00:00 +0530 Fri, 25 Nov 2016 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335300 Where raw material is used for both taxable and VAT-exempt goods, input tax credit is admissible only proportionately to taxable turnover under the Rajasthan Value Added Tax Act, 2003, and not on exempt output. Penalty under Section 61 is not justified where the claim raises a debatable issue and no mala fide conduct is shown. Applying the earlier binding view on identical facts, the HC rejected the assessee's challenge and dismissed the revision, subject to any contrary final decision of the Supreme Court in the connected matter. Case-Laws VAT and Sales Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335300