9911796707
TMI Blog2017 (10) TMI 607X X X X Extracts X X X X X X X X Extracts X X X X ..... nt under the provisions of the Tamil Nadu Value Added Tax Act, 2006, has filed these writ petitions challenging the assessment orders for the years 2010-2011 to 2013-2014. In so far as the assessment for the year 2013-2014 is concerned, the Assistant Commissioner (CT), Gummidipoondi Assessment Circle accepted the stand taken by the petitioner in so far as the stock transfer of goods to outside branches and dropped the proposal for reversal of ITC, as proposed by him in his Revision notice dated 01.12.2016. However, in respect of the impugned assessment orders, the petitioner was not successful before the respondent/Commercial Tax Officer. 3.The background facts which are required to be reiterated that the petitioner approached this Court e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds and statements were also recorded from the authorised signatory of the petitioner. The petitioner is stated to have furnished the details of the M.S.Billets (Imported), M.S.Billets used for General Production, QST Rebars (Imported) Production, QST Rebars General Production etc. These details have been submitted in a tabulated form and the sample copies of which have been enclosed in pages 9 to 38 of the typed set of papers. On receipt of the details, it appears that the respondent made a fact finding exercise, but not being satisfied with the manner in which the records were furnished, issued notice dated 24.04.2017. I have accepting the fact that the petitioner was furnished details and on verification, he has noticed certain issues an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14-2015 and has passed an order dated 17.03.2017 accepting the petitioner stand and dropping the proposal for reversal of Input Tax Credit on Stock Transfer of goods to outside the State branches. Though this order is a subsequent development, this also can be taken note of by the respondent. 6.With regard to the levy of penalty is concerned, it is seen that the entire turnover has been culled out from the books of accounts and the petitioner has been called upon to furnish the details which the petitioner has promptly complied with. Further, as pointed out in the preceding paragraphs after the earlier order in W.P.Nos.15535 to 15538of 2016 dated 28.06.2016, the reversal of ITC as well as the imposition of penalty had been set aside and th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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