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2016 (6) TMI 1249 - MADRAS HIGH COURTReversal of input tax credit - stock transfer - TNVAT Act - Held that: - It may be true that the petitioner has not brought to the notice of the Assessing Officer about this amendment. Nevertheless, the Assessing Officer also did not appear to have been aware of the amendment. On that ground alone, the impugned orders of assessment insofar as it relates to ITC reversal for Stock Transfer covered by Form F is remitted to the Assessing Officer for fresh consideration by taking into consideration the notification issued by the Government dated 29.01.2016, as observed earlier - the matter is remitted back to the Assessing Officer insofar as it relates to ITC reversal for Stock Transfer covered by Form F - appeal allowed by way of remand.
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