Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2015 (12) TMI 782 - MADRAS HIGH COURT

2015 (12) TMI 782 - MADRAS HIGH COURT - TMI - Reversal of ITC - Violation of principle of natural justice - Held that:- When the respondent-Assessing Officer has applied the ratio laid down by the Calcutta High Court in Crompton Greaves's case (2014 (9) TMI 337 - CALCUTTA HIGH COURT), which cannot be done, in terms of Section 19(20) of the TNVAT Act, this is a fit case for the petitioner to appeal only before the appellate authority. - Decided against assessee. - Writ Petition No.17772 of 2015, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

he Circular Letter No.BD3/44278/2010, dated 04.11.2013, as a result, the respondent has assessed the discount received during the year, for the purpose of quantifying the reversal of ITC on the ground that there is considerable reduction of output turnover, thereby, causing loss of tax to the Government, which cannot be done, in terms of Section 19(20) of the TNVAT Act, 2006. Therefore, the petitioner has contended that the impugned order is liable to be interfered with, by this Court, under Art .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version