Karnataka High Court: Assessee Forfeits Input Tax Rebate if Not Claimed in Initial or Timely Revised Return.

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....Denial of input tax rebate - Karnataka VAT - If the assessee is not putting forth a claim for input tax deduction in the return filed in July 2006 nor as he put forth such a claim in a revised claim which he could have filed within six months therefrom his right to claim input deduction is lost - HC....