https://www.taxtmi.com/caselaws?id=424582 A curative and declaratory amendment to Section 19(2)(v) of the Tamil Nadu VAT Act was treated as retrospective, preserving input tax credit once inputs were used in manufacture or processing within the State. The later sale of the manufactured goods, whether inter-State or intra-State, did not dilute that entitlement. Because the assessment order reversed the credit without applying the binding Division Bench interpretation, the denial of input tax credit could not stand and the assessment was set aside. The writ petition was allowed and the petitioner's entitlement to input tax credit was recognised. en-us Tue, 07 Jun 2022 00:00:00 +0530 Tue, 05 Jul 2022 08:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424582 A curative and declaratory amendment to Section 19(2)(v) of the Tamil Nadu VAT Act was treated as retrospective, preserving input tax credit once inputs were used in manufacture or processing within the State. The later sale of the manufactured goods, whether inter-State or intra-State, did not dilute that entitlement. Because the assessment order reversed the credit without applying the binding Division Bench interpretation, the denial of input tax credit could not stand and the assessment was set aside. The writ petition was allowed and the petitioner's entitlement to input tax credit was recognised. Case-Laws VAT and Sales Tax Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424582