https://www.taxtmi.com/caselaws?id=336112 Refund of input tax credit under Section 18(2) of the Tamil Nadu Value Added Tax Act, 2006 is subject to the conditions and restrictions in Section 19, including Section 19(9), and must be examined on the facts of the claim. The Assessing Authority cannot reduce the refund by applying a uniform ad hoc percentage for invisible loss or mechanically reverse credit on capital goods without determining the actual loss, the nature of the goods, and the statutory restrictions applicable. The Form W undertaking is only for verification and does not exclude scrutiny within the Act and Rules. en-us Thu, 03 Nov 2016 00:00:00 +0530 Fri, 16 Dec 2016 10:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336112 Refund of input tax credit under Section 18(2) of the Tamil Nadu Value Added Tax Act, 2006 is subject to the conditions and restrictions in Section 19, including Section 19(9), and must be examined on the facts of the claim. The Assessing Authority cannot reduce the refund by applying a uniform ad hoc percentage for invisible loss or mechanically reverse credit on capital goods without determining the actual loss, the nature of the goods, and the statutory restrictions applicable. The Form W undertaking is only for verification and does not exclude scrutiny within the Act and Rules. Case-Laws VAT and Sales Tax Thu, 03 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336112