https://www.taxtmi.com/caselaws?id=421435 The Court allowed the revisions, set aside the Tribunal's order, and held the revisionist entitled to claim input tax credit on purchased goods used in manufacturing new chairs. The denial of input tax credit was deemed incorrect as the revisionist, operating as a manufacturer and trader, utilized the purchased chairs as raw material for manufacturing new chairs, aligning with Section 13(1)(A) of the Act. The Court found no legal restriction preventing the revisionist from claiming input tax credit on such purchases. en-us Wed, 13 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 08:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421435 The Court allowed the revisions, set aside the Tribunal's order, and held the revisionist entitled to claim input tax credit on purchased goods used in manufacturing new chairs. The denial of input tax credit was deemed incorrect as the revisionist, operating as a manufacturer and trader, utilized the purchased chairs as raw material for manufacturing new chairs, aligning with Section 13(1)(A) of the Act. The Court found no legal restriction preventing the revisionist from claiming input tax credit on such purchases. Case-Laws VAT and Sales Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421435