https://www.taxtmi.com/caselaws?id=286047 Under Section 18 of the Tamil Nadu Value Added Tax Act, 2006, a dealer entitled to zero-rated treatment and refund of input tax cannot have that entitlement curtailed by an adjustment or reversal inconsistent with the statutory scheme. The Court followed its earlier interpretation of Section 18 and held that reversal of input tax credit on capital goods beyond the permitted adjustment was impermissible. The assessment order was therefore quashed to that extent. en-us Mon, 29 Aug 2016 00:00:00 +0530 Mon, 20 Apr 2020 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286047 Under Section 18 of the Tamil Nadu Value Added Tax Act, 2006, a dealer entitled to zero-rated treatment and refund of input tax cannot have that entitlement curtailed by an adjustment or reversal inconsistent with the statutory scheme. The Court followed its earlier interpretation of Section 18 and held that reversal of input tax credit on capital goods beyond the permitted adjustment was impermissible. The assessment order was therefore quashed to that extent. Case-Laws VAT and Sales Tax Mon, 29 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286047