https://www.taxtmi.com/caselaws?id=384228 A statutory amnesty scheme does not nullify a prior judicial assurance that recoveries from defaulting selling dealers will be disbursed proportionately to the buyer whose input tax credit was denied. The State remained bound by its earlier undertaking, and the petitioner's recourse to the Maharashtra Settlement of Arrears of Tax, Interest, Penalties for Late Fee Act, 2019 did not defeat that obligation. Any payment from recovered amounts would, however, be confined to the proportionate extent of denied input tax credit and adjusted for the benefit already obtained under the amnesty scheme. en-us Tue, 30 Jul 2019 00:00:00 +0530 Tue, 12 Nov 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384228 A statutory amnesty scheme does not nullify a prior judicial assurance that recoveries from defaulting selling dealers will be disbursed proportionately to the buyer whose input tax credit was denied. The State remained bound by its earlier undertaking, and the petitioner's recourse to the Maharashtra Settlement of Arrears of Tax, Interest, Penalties for Late Fee Act, 2019 did not defeat that obligation. Any payment from recovered amounts would, however, be confined to the proportionate extent of denied input tax credit and adjusted for the benefit already obtained under the amnesty scheme. Case-Laws VAT / Sales Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384228