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2020 (11) TMI 794 - HC - VAT and Sales TaxInput Tax Credit - illegal transaction - reopening of assessment - reasons to believe - Section 29(1) of the VAT Act - HELD THAT:- There is no contention as to why and how the proceedings could be initiated without even recording any "reasons to believe" merely relying upon the Tax Audit report. Even otherwise the findings recorded in the Tax Audit report had to be controverted by the assessee, which the assessee did by filing the relevant affidavits and documents before the first Appellate Authority and thus no fault could be found with the said procedure. Even otherwise as the Tribunal has recorded that entire exercise was revenue neutral and there is no ground to suggest that the said finding is any way perverse or erroneous, no question of law, much less a substantial question of law arises for consideration by this Court. Revision dismissed.
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