https://www.taxtmi.com/caselaws?id=751440 Input tax credit under the Karnataka Value Added Tax Act, 2003 cannot be denied merely because returns were filed belatedly, as Section 10(3) prescribes no time limit for availing that credit. Following the earlier view on the same issue, the High Court held that belated filing did not justify denial of credit, and the reassessment orders and demand notices based on that premise could not stand. The impugned appellate orders were therefore set aside, and the consequential tax demands were quashed. en-us Wed, 20 Mar 2024 00:00:00 +0530 Tue, 16 Apr 2024 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751440 Input tax credit under the Karnataka Value Added Tax Act, 2003 cannot be denied merely because returns were filed belatedly, as Section 10(3) prescribes no time limit for availing that credit. Following the earlier view on the same issue, the High Court held that belated filing did not justify denial of credit, and the reassessment orders and demand notices based on that premise could not stand. The impugned appellate orders were therefore set aside, and the consequential tax demands were quashed. Case-Laws VAT and Sales Tax Wed, 20 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751440