https://www.taxtmi.com/caselaws?id=276350 Input Tax Credit on purchases made under a DEPB licence was treated as available where the appellate authorities had accepted the assessee's claim on concurrent factual findings. The reasoning noted that DEPB scrips form part of the economic value of the imported commodity and may influence its market price. The revisional court was held unable to disturb those concurrent findings in the absence of a legal error, so reappraisal of the evidence was not warranted. The assessee's entitlement to Input Tax Credit was therefore sustained and the revision failed. en-us Fri, 09 Mar 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276350 Input Tax Credit on purchases made under a DEPB licence was treated as available where the appellate authorities had accepted the assessee's claim on concurrent factual findings. The reasoning noted that DEPB scrips form part of the economic value of the imported commodity and may influence its market price. The revisional court was held unable to disturb those concurrent findings in the absence of a legal error, so reappraisal of the evidence was not warranted. The assessee's entitlement to Input Tax Credit was therefore sustained and the revision failed. Case-Laws VAT and Sales Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276350