https://www.taxtmi.com/caselaws?id=286190 Input tax credit on DEPB licence purchases was challenged on the ground that the licences were not covered by the First Schedule to the Tamil Nadu Value Added Tax Act, 2006, while the assessee relied on an advance ruling, a departmental clarification and a specific entry in the Schedule. The assessing authority did not deal with that material, and the matter required fresh examination. A separate limitation objection was also raised against reassessment for later years, but it was not addressed in the impugned orders. The assessments were therefore set aside and the matters remanded for reconsideration after hearing the assessee and dealing with all relevant objections. en-us Mon, 13 Nov 2017 00:00:00 +0530 Sun, 16 Feb 2020 08:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286190 Input tax credit on DEPB licence purchases was challenged on the ground that the licences were not covered by the First Schedule to the Tamil Nadu Value Added Tax Act, 2006, while the assessee relied on an advance ruling, a departmental clarification and a specific entry in the Schedule. The assessing authority did not deal with that material, and the matter required fresh examination. A separate limitation objection was also raised against reassessment for later years, but it was not addressed in the impugned orders. The assessments were therefore set aside and the matters remanded for reconsideration after hearing the assessee and dealing with all relevant objections. Case-Laws VAT and Sales Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286190