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2016 (8) TMI 635 - MADRAS HIGH COURTDemand of VAT - reversal of Input tax credit (ITC) - assessment, pertaining to 'Invisible Loss' during manufacturing activity - Held that:- matters are remanded to the respondent for fresh consideration, who shall cause inspection of the petitioner's Factory and ascertain the manufacturing process, and during the course of such inspection, the petitioner is directed to furnish details of the manufacturing process, and thereafter, the respondent shall ascertain as to the quantum of manufacturing loss and issue necessary supplementary show cause notices to the petitioner, and after considering the objections filed, and after affording opportunity of personal hearing, the respondent is directed to redo the assessment in accordance with law.
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