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2022 (8) TMI 59 - HC - VAT and Sales TaxRevision of assessment regarding to stock variation - reversal of ITC - Levy of tax and penalty - Suppression of facts or not - HELD THAT:- Considering the submission and perusal of the materials, it is seen that the Department Enforcement Wing conducted VAT audit on 19.01.2015 and at that time found various violations, collected documents, pre-revision notice issued on 14.12.2016. Thereafter, reply received from the petitioner on several days. In the meanwhile, revision notice issued on 01.12.2019 and thereafter reply received and personal hearing given to the petitioner on 13.12.2019. After issuance of revision notice, the petitioner's objections considered. Thereafter, proposal to reverse ITC dropped, as regards stock variations since no records produced. The second respondent passed the impugned order. This Court does not express any opinion on the merits of the case, if the petitioner intends to approach the appellate authority to file an appeal under Section 51 of TNVAT Act. Appeal to be filed within a period of 30 days from the day of receipt of copy of this order - Petition dismissed.
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