https://www.taxtmi.com/caselaws?id=189583 Input tax credit under the Rajasthan Value Added Tax Act, 2003 was restricted proportionately where taxable and exempt goods were manufactured from the same raw material, so credit could be claimed only to the extent attributable to taxable sales and not against exempt turnover. Penalty under Section 61 was treated as unsustainable because the dispute involved a bona fide debatable issue and did not show deliberate suppression, wrong returns, or mala fides in claiming credit. The revision was dismissed on the earlier decision applying identical facts, while deletion of penalty on the debatable issue was maintained. en-us Wed, 30 Sep 2015 00:00:00 +0530 Fri, 13 Jan 2017 11:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189583 Input tax credit under the Rajasthan Value Added Tax Act, 2003 was restricted proportionately where taxable and exempt goods were manufactured from the same raw material, so credit could be claimed only to the extent attributable to taxable sales and not against exempt turnover. Penalty under Section 61 was treated as unsustainable because the dispute involved a bona fide debatable issue and did not show deliberate suppression, wrong returns, or mala fides in claiming credit. The revision was dismissed on the earlier decision applying identical facts, while deletion of penalty on the debatable issue was maintained. Case-Laws VAT and Sales Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189583