https://www.taxtmi.com/caselaws?id=441072 The court dismissed the appeal regarding the admissibility of set off on High Speed Diesel (HSD) purchases under the Maharashtra Value Added Rules 2005. Despite the appellant's claim and a favorable Tribunal ruling, subsequent High Court decisions clarified that the set off was not permissible under the Act. The court emphasized that the High Court's clarification precluded retrospective application of the set off, leading to the rejection of the appellant's claim for prospective effect by the Commissioner. The Tribunal's decision to deny the claim was upheld, and the appeal was dismissed. en-us Wed, 26 Jul 2023 00:00:00 +0530 Tue, 01 Aug 2023 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441072 The court dismissed the appeal regarding the admissibility of set off on High Speed Diesel (HSD) purchases under the Maharashtra Value Added Rules 2005. Despite the appellant's claim and a favorable Tribunal ruling, subsequent High Court decisions clarified that the set off was not permissible under the Act. The court emphasized that the High Court's clarification precluded retrospective application of the set off, leading to the rejection of the appellant's claim for prospective effect by the Commissioner. The Tribunal's decision to deny the claim was upheld, and the appeal was dismissed. Case-Laws VAT and Sales Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441072