2016 (4) TMI 1482

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ATE) FOR THE RESPONDENTS : BY SRI M. KUMAR, AGA ORDER 1. In this writ petition petitioner is questioning the virus of Section 10(3) of the Karnataka Value Added Tax Act, 2003, with a prayer that the said provision be read down keeping in mind the object and scheme of the Act. Challenge is also laid to the impugned re-assessment order dated 31.10.2015 (Annexure-F) passed by the 2nd respondent....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....onsistently interpreted by the Revenue to mean that a dealer is permitted to deduct the input tax paid on his purchases irrespective of the month in which the purchases were effected. Based on the understanding that Section 10(3) did not require dealers to avail credit only in the month in which the purchases were effected. They were held entitled to avail such credit, as long as the claim of inpu....