Telangana State Cooperative Marketing Federation Wins Supreme Court VAT Appeal

Supreme Court sets aside Telangana High Court order and allows appeal by Telangana State Cooperative Marketing Federation Ltd.
Court rules appellant had met pre-deposit requirement for VAT appeal by depositing Rs 81.44 lakh against disputed tax of Rs 1.62 crore.
Matter remanded to appellate authority for fresh consideration on merits, while quashing penalty imposed on the appellant.
Case involves disallowance of Input Tax Credit worth Rs 1.62 crore for tax period October 2005 to March 2007.