https://www.taxtmi.com/caselaws?id=409183 The amended input tax credit provision extending relief to transactions covered by section 8(2) of the Central Sales Tax Act was held to operate retrospectively. The court treated the change as a substitution made to remove an anomaly in the earlier framework and to place section 8(2) transactions on the same footing as section 8(1) transactions. Because the amendment was curative rather than a new policy choice, confining it to future transactions would create an unjustified distinction. On that basis, the benefit of input tax credit extended to pre-amendment transactions, and the assessment and notice proceedings were quashed. en-us Thu, 17 Jun 2021 00:00:00 +0530 Sat, 26 Oct 2024 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409183 The amended input tax credit provision extending relief to transactions covered by section 8(2) of the Central Sales Tax Act was held to operate retrospectively. The court treated the change as a substitution made to remove an anomaly in the earlier framework and to place section 8(2) transactions on the same footing as section 8(1) transactions. Because the amendment was curative rather than a new policy choice, confining it to future transactions would create an unjustified distinction. On that basis, the benefit of input tax credit extended to pre-amendment transactions, and the assessment and notice proceedings were quashed. Case-Laws VAT / Sales Tax Thu, 17 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409183