Lubricant traders' input tax credit claim rejected after open remand.

The HC held that the assessing authority and Tribunal were justified in passing a fresh order after remand, as it was an open remand without specific restrictions. Once lubricant became a non-VATable good for traders, the revisionist's claim for input tax credit was rightly rejected, despite judgments cited regarding circulars. The revisionist did not challenge the circular's validity before a competent court. Under revisional jurisdiction, the circular's validity cannot be tested. The classification of goods as VATable or non-VATable determines the input tax credit eligibility. Revision was dismissed. .....

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