New Delhi, Oct. 22 -- The Supreme Court of India delivered a landmark judgment in the case of Shanti Kiran India Pvt. Ltd. on October 9, providing much-needed relief to taxpayers.

In recent times, it has become widely recognised that buyers have often been penalized for unintentional or technical errors committed by their suppliers, creating considerable anxiety and uncertainty among traders.

While this particular judgment pertains to the Delhi VAT (DVAT) Act-specifically Section 9(1) on input tax credit (ITC), read alongside restrictive provisions such as Section 9(2)(g), which required that the supplier must have actually paid the tax to the government-tax professionals suggest it may also have far-reaching implications for disputes u...