https://www.taxtmi.com/caselaws?id=413879 Input tax credit under the Karnataka Value Added Tax Act, 2003 was held admissible on mining tippers and their accessories used in mining operations and in transporting iron ore within the mining area. The Court treated the tippers as goods vehicles and capital goods, and held that the Fifth Schedule restriction on motor vehicles could not be applied mechanically where the vehicles were integral to production-related activity. The revenue's authorities were distinguished, and the earlier view allowing credit on similar goods vehicles was followed. The revisional order was set aside, the first appellate order was restored, and the assessee's entitlement to input tax credit was upheld. en-us Fri, 03 Sep 2021 00:00:00 +0530 Sat, 23 Oct 2021 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413879 Input tax credit under the Karnataka Value Added Tax Act, 2003 was held admissible on mining tippers and their accessories used in mining operations and in transporting iron ore within the mining area. The Court treated the tippers as goods vehicles and capital goods, and held that the Fifth Schedule restriction on motor vehicles could not be applied mechanically where the vehicles were integral to production-related activity. The revenue's authorities were distinguished, and the earlier view allowing credit on similar goods vehicles was followed. The revisional order was set aside, the first appellate order was restored, and the assessee's entitlement to input tax credit was upheld. Case-Laws VAT and Sales Tax Fri, 03 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413879