https://www.taxtmi.com/caselaws?id=441072 A judicial pronouncement declaring the correct legal position ordinarily operates retrospectively because it states what the law has always been, and prospective overruling is confined to exceptional cases. On that principle, the bar on set-off for High Speed Diesel purchases could not be limited to a later date under the VAT framework, and the amendment was read consistently with the subsequent authoritative clarification. The assessee therefore could not claim set-off only up to the date of the later decision, and the challenge to rejection of the claim failed. 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 A judicial pronouncement declaring the correct legal position ordinarily operates retrospectively because it states what the law has always been, and prospective overruling is confined to exceptional cases. On that principle, the bar on set-off for High Speed Diesel purchases could not be limited to a later date under the VAT framework, and the amendment was read consistently with the subsequent authoritative clarification. The assessee therefore could not claim set-off only up to the date of the later decision, and the challenge to rejection of the claim failed. Case-Laws VAT and Sales Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441072