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2016 (1) TMI 329 - HC - VAT and Sales TaxReversal of Input Tax credit - levy of penalty under Section 27(3) of the TNVAT Act - Held that:- At the time of purchasing the goods, admittedly, the petitioner has paid the tax to the seller, which is not under dispute. The reason assigned in the impugned order is that the petitioner firm is denied Input Tax Credit just because the dealer/seller has failed to report the same before the respondents. The reason adduced by the respondent is unacceptable for the reason that when admittedly the petitioner firm has paid the tax, he cannot be made liable for the failure on the part of the seller to report the same to the respondent. - Decided in favour of assessee.
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