https://www.taxtmi.com/caselaws?id=463292 HC allowed the petition, set aside the impugned assessment order and remitted the matter for fresh consideration. The court read down Section 10(3) of the KVAT Act (pre-amendment) to permit taxpayers to compute net tax liability by deducting input tax paid on purchases from output tax liability irrespective of the month of suppliers' invoices. The tribunal directed the authority to pass fresh orders in accordance with law within 60 days from receipt of the judgment. Petition allowed by way of remand. en-us Thu, 21 Apr 2016 00:00:00 +0530 Fri, 22 Aug 2025 20:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463292 HC allowed the petition, set aside the impugned assessment order and remitted the matter for fresh consideration. The court read down Section 10(3) of the KVAT Act (pre-amendment) to permit taxpayers to compute net tax liability by deducting input tax paid on purchases from output tax liability irrespective of the month of suppliers' invoices. The tribunal directed the authority to pass fresh orders in accordance with law within 60 days from receipt of the judgment. Petition allowed by way of remand. Case-Laws VAT / Sales Tax Thu, 21 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463292