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2017 (9) TMI 1537 - MADRAS HIGH COURTLevy of tax on sale value on purchase suppression found with regard to check post extract - reversal of Input Tax Credit on purchases from registration cancelled dealers - Held that: - not only there is a direction to the petitioner to produce the documents and details but there is a pointed direction to the assessing authority to furnish the purchase list including supplier name, address, invoice number, sales amount, etc., to the petitioner. Further there is a direction to investigate on issuance of Form C also through Departmental Cell. The bank account of the petitioner was directed to be checked to find out payment, if any, to the dealers listed. With regard to the issue relating to reversal of Input Tax Credit, there is a direction to the petitioner to produce the tax invoices and also prove the payments made for those transaction and the assessing officer, on the strength of the invoices, was to conduct an enquiry through departmental source and to prove that on the date of invoices, the supplier was not registered. Unfortunately, the respondent ignored the directions issued and completed the assessment in a summary manner. The matter is remanded back to the respondent for fresh consideration, who shall scrupulously follow the directions issued by the appellate authority - appeal allowed by way of remand.
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