https://www.taxtmi.com/caselaws?id=350064 The High Court upheld the VAT Tribunal's decision but deemed the retrospective cancellation of the certificate of entitlement improper. The petitioner's claim for exemption of tax on sales and refund of tax paid on purchases was partially accepted, with the court directing the authority to grant the benefit within four months. The court clarified that the refund amount was not meant for future assessments but for the current assessment's liability. The court also affirmed that the petitioner's separate accounting of the tax component did not violate the remission scheme. en-us Mon, 09 Oct 2017 00:00:00 +0530 Fri, 06 Apr 2018 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350064 The High Court upheld the VAT Tribunal's decision but deemed the retrospective cancellation of the certificate of entitlement improper. The petitioner's claim for exemption of tax on sales and refund of tax paid on purchases was partially accepted, with the court directing the authority to grant the benefit within four months. The court clarified that the refund amount was not meant for future assessments but for the current assessment's liability. The court also affirmed that the petitioner's separate accounting of the tax component did not violate the remission scheme. Case-Laws VAT and Sales Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350064