ITC Disallowed on Exempt Sales Under Section 7(c) of UP VAT Act: SC

Neha Enterprises Vs Commissioner (Supreme Court of India)  Supreme Court held that as per section 13(7) of the Uttar Pradesh Value Added Tax Act, 2008 [UP VAT Act], input tax credit will not be allowed to a dealer with respect to the purchase of any goods where the sale of such goods by the dealer is exempt from tax under Section 7(c) of the Act. Facts- The appellant is a registered dealer under the Uttar Pradesh Value Added Tax Act, 2008. The subject matter of the appeal relates to the turnover returns filed by the dealer for the assessment year 2010-11. The dealer recorded sales against the...