Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Indian Oil Corporation Limited Versus The Deputy Commissioner (CT) -IV (LTU)

2016 (10) TMI 210 - MADRAS HIGH COURT

Validity of order of assessment - reversal of ITC - interstate sale falling under Section 8(1) of the CST Act, 1956 - Form-WW for the year 2013-14 along with a Covering Letter dated 31.12.2014 with the Chartered Accountant's Report required to be submitted under Rule 16 A of the TNVAT Act - time limit extended for submission of Form-WW for the Assessment Year 2014-15 - whether the assssment order passed by respondents without considering Form-WW justified? - Held that: - on account of the amendm .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ed - the matters remanded to respondent for fresh consideration after affording an opportunity of hearing to the petitioner and considering the documents produced by him and redo the assessments in accordance with law. - W.P.Nos.31872 to 31875 of 2015 and M.P.No.1 of 2015 in W.P.Nos.31872 to 31874 of 2015 - Dated:- 8-9-2016 - T. S. Sivagnanam, J. For the Petitioner : Mr.N.Prasad For the Respondent : Mr.S.Kanmani Annamalai, ORDER Heard Mr.N.Prasad, the learned Counsel appearing for the petitioner .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d 2014-15 stating that on scrutiny of the returns, it revealed that they have not reversed ITC as mandated by the amendment made under Section 19(2) of the TNVAT Act in respect of the sales made under Section 8(1) of the Central Sales Tax Act, 1956. Further, it was mentioned that in terms of the amended proviso made under Section 19(2) of the TNVAT Act, the petitioner has to effect interstate sales under Section 8(1) of the Central Sales Tax Act and he is entitled to claim ITC in excess of 3% an .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of the records of the assessments and requesting the Assessing Officer to take consideration of the same. That apart, the petitioner had also submitted Form-WW for the year 2013-14 along with a Covering Letter dated 31.12.2014 with the Chartered Accountant's Report as required to be submitted under Rule 16 A of the TNVAT Act. It is seen that the Assessing Officer has received the said communication dated 31.12.2014 on 05.01.2015. Therefore, on the date, when the assessment order was passed, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| 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