https://www.taxtmi.com/caselaws?id=448920 Input tax credit under the Uttar Pradesh VAT framework was not subject to reversal where the tax paid on sale of manufactured goods was substantially higher than the credit claimed. The Tribunal found that the assessee's claimed credit was far below the tax deposited on the sale of manufactured urea, so the statutory restriction in Section 13(1)(f) read with Rule 23(6) was not attracted. On those facts, no further reduction of credit was justified, and the revision court accepted that conclusion in favour of the assessee. en-us Tue, 30 Jan 2024 00:00:00 +0530 Fri, 15 May 2026 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448920 Input tax credit under the Uttar Pradesh VAT framework was not subject to reversal where the tax paid on sale of manufactured goods was substantially higher than the credit claimed. The Tribunal found that the assessee's claimed credit was far below the tax deposited on the sale of manufactured urea, so the statutory restriction in Section 13(1)(f) read with Rule 23(6) was not attracted. On those facts, no further reduction of credit was justified, and the revision court accepted that conclusion in favour of the assessee. Case-Laws VAT / Sales Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448920