https://www.taxtmi.com/caselaws?id=393304 The court held that the retrospective effect given to certain amendments to the JVAT Act and JVAT Rules was ultra vires and set aside. The amendments introducing forfeiture of Input Tax Credit were deemed to affect vested rights and were declared to have prospective effect from a specified date. The constitutionality of another amendment was upheld, while the retrospective application of a rule was quashed. Assessments or forfeitures of ITC during a specific period were declared illegal and quashed due to the absence of machinery provisions. All 98 writ applications were allowed in part based on these findings. en-us Wed, 29 Jan 2020 00:00:00 +0530 Thu, 12 Mar 2020 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393304 The court held that the retrospective effect given to certain amendments to the JVAT Act and JVAT Rules was ultra vires and set aside. The amendments introducing forfeiture of Input Tax Credit were deemed to affect vested rights and were declared to have prospective effect from a specified date. The constitutionality of another amendment was upheld, while the retrospective application of a rule was quashed. Assessments or forfeitures of ITC during a specific period were declared illegal and quashed due to the absence of machinery provisions. All 98 writ applications were allowed in part based on these findings. Case-Laws VAT and Sales Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393304