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2018 (1) TMI 1590 - MADRAS HIGH COURTValidity of assessment order - TNVAT Act - purchase from the registration canceled dealers - reversal of input tax credit as suggested by the Chartered Accountant in Form WW - petitioner pleads that one more opportunity may be granted to the petitioner to go before the Assessing Officer since the petitioner is in the process of filing a petition under Section 84 of the said Act for reopening the assessment - HELD THAT:- The writ petition is disposed of with a direction to the petitioner to pay the tax towards reversal of input tax credit as suggested by the Chartered Accountant in Form WW, being a sum of ₹ 19,712/-. In addition to that, the petitioner is directed to pay 15% of the disputed tax under the other two heads namely reversal of input tax credit under Section 19(5)(c) of the State Enactment and the purchases alleged to have been effected from registration canceled dealers, within a period of 15 days from the date of receipt of a copy of this order. If the petitioner complies with the above two conditions, they will be entitled to treat the impugned assessment order as a show cause notice and submit their objections within a period of 15 days thereafter.
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