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2015 (10) TMI 358 - HC - VAT and Sales TaxEvasion of central excise and VAT on the paper purchased - Reopening of assessment - Reversal of ITC - Held that:- goods were dispatched to M/s Malhotra Book Depot of Cuttack. The Tribunal vide earlier order dated 5.7.2010 had ordered for reopening of the assessment to examine the transactions relating to the purchase made by it for which ITC was claimed and particularly regarding the purchase of goods which were intercepted while being sent to Cuttack. The said order had become final as its validity was never assailed by the appellant. The ETO-cum-Designated Officer, Jalandhar-I relying upon the report of the Assistant Excise and Taxation Commissioner, Mobile Wing, Chandigarh that both the said firms were fictitious and not genuine, disallowed the ITC against the purchases of paper worth 19,90,035/- and imposed penalties amounting to 79,602/- under Section 58 of the Act and 10,000/- under Section 60 of the Act. The appellant failed to challenge the verification report of the Assistant Excise and Taxation Commissioner, Mobile Wing, Chandigarh. - no question of law much less substantial question of law arises in this appeal - Decided against assessee.
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