https://www.taxtmi.com/caselaws?id=397002 A later-inserted substantive restriction on input tax credit could not be applied retrospectively to deny credit on the discount component for an earlier assessment year, so the reversal and related penalty were quashed. The court treated Section 19(20) of the Tamil Nadu Value Added Tax Act as prospective in operation because it came into force only on 19.08.2010, while the assessment year in issue was 2008-09. On the packing-materials claim, the contention under Section 19(2)(ii) had not been examined by the appellate authority, so that part of the matter was set aside and remitted for fresh consideration under law. en-us Fri, 05 Jun 2020 00:00:00 +0530 Wed, 29 Jul 2020 19:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397002 A later-inserted substantive restriction on input tax credit could not be applied retrospectively to deny credit on the discount component for an earlier assessment year, so the reversal and related penalty were quashed. The court treated Section 19(20) of the Tamil Nadu Value Added Tax Act as prospective in operation because it came into force only on 19.08.2010, while the assessment year in issue was 2008-09. On the packing-materials claim, the contention under Section 19(2)(ii) had not been examined by the appellate authority, so that part of the matter was set aside and remitted for fresh consideration under law. Case-Laws VAT and Sales Tax Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397002