https://www.taxtmi.com/caselaws?id=288490 Input tax credit could not be denied merely because the selling dealer's registration was later cancelled retrospectively, where the transaction occurred while both dealers held valid registration certificates. The Court noted that later cancellation did not by itself invalidate a purchase made in reliance on a valid registration at the time of sale. Denial of credit could still be examined on independent grounds such as complicity or connivance, but not solely on retrospective cancellation. The impugned report was set aside and the authority was directed to reconsider entitlement to input tax credit within those limits. en-us Mon, 11 Apr 2016 00:00:00 +0530 Wed, 10 Jun 2020 20:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288490 Input tax credit could not be denied merely because the selling dealer's registration was later cancelled retrospectively, where the transaction occurred while both dealers held valid registration certificates. The Court noted that later cancellation did not by itself invalidate a purchase made in reliance on a valid registration at the time of sale. Denial of credit could still be examined on independent grounds such as complicity or connivance, but not solely on retrospective cancellation. The impugned report was set aside and the authority was directed to reconsider entitlement to input tax credit within those limits. Case-Laws VAT and Sales Tax Mon, 11 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288490