Home Case Index All Cases VAT and Sales Tax VAT and Sales Tax + HC VAT and Sales Tax - 2017 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (3) TMI 52 - MADRAS HIGH COURTReversal of Input Tax Credit - denial on the ground that the registration certificate of the dealers were cancelled with retrospective effect - Held that: - on the date of purchase, the two dealers i.e., Jayram Dheva People Solutions and Sri Ganesh Enterprises had valid registration certificate - the decision in the case of The Assistant Commissioner (CT) Versus M/s. Bhairav Trading Company [2016 (9) TMI 1114 - MADRAS HIGH COURT] relied upon, where it was held that whatever be the effect of retrospective cancellation upon the selling dealer, it can have no effect upon any person, who has acted upon the strength of a registration certificate, when such certificate was alive - liberty is given to the respondent to redo the assessment - petition allowed - decided in favor of petitioner.
|