High Court: No reversal of Input Tax Credit when credit note issued, as no DVAT provision undermined by discounts.

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....Reversal of Input Tax Credit on issuance of credit note – nothing has been brought on record by Department to show that arrangement by which discounts/incentives were offered to purchasing dealers by selling dealers was with view to "defeat the application or purposes of" any provision of DVAT - ITC not be reversed - HC....