https://www.taxtmi.com/caselaws?id=355103 The court held that the denial of Input Tax Credit (ITC) claims based on a restrictive interpretation of Section 10(3) of the Karnataka Value Added Tax Act, 2003 was illegal. It emphasized that there was no time limit for claiming ITC against Output Tax Liability and that such claims could not be denied based on time frame restrictions. The court overturned the assessment orders and directed the authorities to reevaluate the claims in line with the law. Additionally, the court instructed the Commissioner of Commercial Taxes to issue a circular aligning with the judgments to prevent future disputes on this matter. en-us Wed, 10 Jan 2018 00:00:00 +0530 Tue, 06 Nov 2018 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355103 The court held that the denial of Input Tax Credit (ITC) claims based on a restrictive interpretation of Section 10(3) of the Karnataka Value Added Tax Act, 2003 was illegal. It emphasized that there was no time limit for claiming ITC against Output Tax Liability and that such claims could not be denied based on time frame restrictions. The court overturned the assessment orders and directed the authorities to reevaluate the claims in line with the law. Additionally, the court instructed the Commissioner of Commercial Taxes to issue a circular aligning with the judgments to prevent future disputes on this matter. Case-Laws VAT and Sales Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355103