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TNVAT: Excess ITC at year end has to be refunded, No adjustment against Future liability
Case Law Details
- Case Name
- Tvl. M. R. Motor Company Vs Assistant Commissioner (CT), (FAC) (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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Tvl. M. R. Motor Company Vs Assistant Commissioner (CT), (FAC) (Madras High Court)
The issue under consideration that whether the Department was justified in disallowing the refund of claim on the ground that the petitioner was still in business and was adjusting the amount regularly?
The petitioner is a dealer of Motor Vehicles who had claimed a refund of excess Input Tax Credit and requested the respondent to refund a sum being accumulated as Input Tax Credit. The respondent has rejected the refund by giving reason that the petitioner have carried forwarded the closing balance of the Input T...
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