TMI Blog2018 (11) TMI 1135X X X X Extracts X X X X X X X X Extracts X X X X ..... benefit of reduced tax - Held that:- petitioner could not produce any reliable evidence of actual movement of goods. Mere production of C form would not ensure the benefit of reduced tax Petitioner is directed to deposit a sum of ₹ 20 lakhs with the respondent authorities latest by 30.11.2018 and further furnish a bank guarantee of a similar amount which will be kept alive till the First ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion that there is no evidence of interstate movement of the goods. He held the sales to be local sales. He therefore after adjusting the petitioner's remaining input tax credit, raised a tax demand of ₹ 2.96 crores (rounded off) with interest and matching penalty. 2. The petitioner challenged such order of assessment before the first Appellate Authority. The first Appellate Authority ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sale as local sale. The petitioner also otherwise has serious financial difficulties. 4. Learned AGP opposed the petition contending that the petitioner could not produce any reliable evidence of actual movement of goods. Mere production of Cform would not ensure the benefit of reduced tax. 5. All the disputed questions principally of facts would have to be decided by the Appellate Authorit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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