Restriction and conditions governing tax credit (sections 9(1), 9(2), 10(5))

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....id down in clause (g) of sub-section (2) of section 9 of the Act are also satisfied. ^3[(3)  The provisions of sub-section (5) of section  10 of the Act relating to proportionate reduction of tax credit on purchases of goods sold at a price lower than the purchase price shall not apply to a case where in the ordinary course of business the goods are sold by a dealer at a loss or where....

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....section (1) of section 9 the Act to the extent of proportion of the goods which have been put to sale during the tax period, the input tax credit on the closing stock available with the dealer of the end of the every tax period shall be carried forward to the next tax period or the following tax period or periods, as the case may be, till such stock is sold by the dealer: Provided that this sub....