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Input Tax Credit Denied for Demo Vehicles Used as Capital Goods, Not for Straightforward Resale or Supply.

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....Input tax credit - Capital Goods (demo cars) - The Demo Vehicles received by the Appellant have never been received with the intent to simply 'further supply/ sell' as such. Input Tax Credit on these vehicles, thus, cannot be allowed - AAAR....

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Input Tax Credit Denied for Demo Vehicles Used as Capital Goods, Not for Straightforward Resale or Supply.