https://www.taxtmi.com/caselaws?id=375921 The High Court held that the Tribunal could not apply equitable principles in a statutory appeal and emphasized adherence to statutory provisions. Regarding input tax credit for pre-registration purchases by a dealer, the Court found the Tribunal's rejection erroneous, especially if the dealer was an importer before registration. The Court allowed the revision, overturning the Tribunal's decision and reinstating the Assessing Officer's ruling. The Court ruled against the dealer on both issues, highlighting statutory limitations and the inapplicability of equitable principles. Each party was directed to bear their own costs. en-us Fri, 15 Feb 2019 00:00:00 +0530 Thu, 28 Feb 2019 06:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375921 The High Court held that the Tribunal could not apply equitable principles in a statutory appeal and emphasized adherence to statutory provisions. Regarding input tax credit for pre-registration purchases by a dealer, the Court found the Tribunal's rejection erroneous, especially if the dealer was an importer before registration. The Court allowed the revision, overturning the Tribunal's decision and reinstating the Assessing Officer's ruling. The Court ruled against the dealer on both issues, highlighting statutory limitations and the inapplicability of equitable principles. Each party was directed to bear their own costs. Case-Laws VAT and Sales Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375921