https://www.taxtmi.com/caselaws?id=366505 The Division Bench of the Court allowed the appeal filed by M/s. Bando (India) Private Limited, holding that the Assessee was entitled to Input Tax Credit on purchases of Electrical Goods like transformers, cables, UPS, and related items under the KVAT Act, 2003. The Court emphasized the nexus between the purchased goods and the manufacturing process, stating that if the goods were used for resale or manufacturing purposes, Input Tax Credit would be available. The Court's decision overturned the Authority's ruling, allowing the Assessee to claim Input Tax Credit on the disputed Electrical Goods. en-us Fri, 03 Aug 2018 00:00:00 +0530 Wed, 05 Sep 2018 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366505 The Division Bench of the Court allowed the appeal filed by M/s. Bando (India) Private Limited, holding that the Assessee was entitled to Input Tax Credit on purchases of Electrical Goods like transformers, cables, UPS, and related items under the KVAT Act, 2003. The Court emphasized the nexus between the purchased goods and the manufacturing process, stating that if the goods were used for resale or manufacturing purposes, Input Tax Credit would be available. The Court's decision overturned the Authority's ruling, allowing the Assessee to claim Input Tax Credit on the disputed Electrical Goods. Case-Laws VAT and Sales Tax Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366505