https://www.taxtmi.com/caselaws?id=348485 The proviso to Section 19(2) of the Tamil Nadu VAT Act was construed as limiting reversal of input tax credit only to transactions covered by clause (v), not to the other purposes listed in Section 19(2). As no interim stay had been granted against that interpretation, the earlier ruling continued to operate. On that basis, the taxpayer's request for refund of reversed input tax credit had to be considered on merits, and the authority was directed to pass a reasoned order in accordance with law. en-us Thu, 17 Aug 2017 00:00:00 +0530 Sat, 23 Sep 2017 10:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348485 The proviso to Section 19(2) of the Tamil Nadu VAT Act was construed as limiting reversal of input tax credit only to transactions covered by clause (v), not to the other purposes listed in Section 19(2). As no interim stay had been granted against that interpretation, the earlier ruling continued to operate. On that basis, the taxpayer's request for refund of reversed input tax credit had to be considered on merits, and the authority was directed to pass a reasoned order in accordance with law. Case-Laws VAT and Sales Tax Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348485