https://www.taxtmi.com/caselaws?id=419708 The Court concluded that dealers are entitled to Input Tax Credit (ITC) on the evaporation losses of petroleum products. The State's appeals were dismissed, upholding the Tribunal's decision. The Court clarified that Entry 5 of Schedule E does not apply to petroleum products, supporting the dealers' entitlement to ITC. All pending applications, including those for condonation of delay, were disposed of accordingly. en-us Mon, 14 Mar 2022 00:00:00 +0530 Thu, 08 Sep 2022 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419708 The Court concluded that dealers are entitled to Input Tax Credit (ITC) on the evaporation losses of petroleum products. The State's appeals were dismissed, upholding the Tribunal's decision. The Court clarified that Entry 5 of Schedule E does not apply to petroleum products, supporting the dealers' entitlement to ITC. All pending applications, including those for condonation of delay, were disposed of accordingly. Case-Laws VAT and Sales Tax Mon, 14 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419708