https://www.taxtmi.com/caselaws?id=366988 The Court ruled in favor of the petitioner, a manufacturer of kraft paper, regarding the reversal of Input Tax Credit on certain items purchased. The Court interpreted the definition of "capital goods" under the Tamil Nadu Value Added Tax Act, emphasizing that items integral to the manufacturing process, such as renewable energy devices, spare parts, and boilers, should be considered capital goods eligible for Input Tax Credit. The Court allowed the writ petitions, setting aside the respondent's orders and closing the connected Miscellaneous Petitions without costs. en-us Wed, 01 Aug 2018 00:00:00 +0530 Wed, 01 May 2019 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366988 The Court ruled in favor of the petitioner, a manufacturer of kraft paper, regarding the reversal of Input Tax Credit on certain items purchased. The Court interpreted the definition of "capital goods" under the Tamil Nadu Value Added Tax Act, emphasizing that items integral to the manufacturing process, such as renewable energy devices, spare parts, and boilers, should be considered capital goods eligible for Input Tax Credit. The Court allowed the writ petitions, setting aside the respondent's orders and closing the connected Miscellaneous Petitions without costs. Case-Laws VAT and Sales Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366988