TMI Blog2020 (6) TMI 10X X X X Extracts X X X X X X X X Extracts X X X X ..... cision of this Court in M/S. RAN INDIA STEELS (P) LTD. VERSUS THE PRINCIPAL SECRETARY / COMMISSIONER OF COMMERCIAL TAXES, THE COMMERCIAL TAX OFFICER (FAC) , CHENNAI [ 2019 (12) TMI 1305 - MADRAS HIGH COURT] where it was held that there is no scope for reversal of input tax credit on inputs which get consumed during the course of manufacture as invisible loss . There is no question to denying ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... led by the petitioner. The petitioner has filed a batch of writ petitions in W.P.Nos.19595 to 19601 of 2015 dated 08.07.2015. This Court had disposed the writ petitions with a direction to the respondent to pass fresh order on merits. 4. Pursuant to the said order, notice was issued to the petitioner and the petitioner had also filed its replies. In the impugned orders, the respondent has not o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2006 will not take within its fold those inputs consumed in the manufacture of final product. Only when inputs are destroyed at some intermediary stage of manufacture , reversal of input tax credit is warranted. They would be instance of inputs which are withdrawn at an intermediary stage of manufacture and are incapable of being used further and are sold as scrap/waste or physically destro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver purportedly purchased by the petitioner and sold while confirming the demand, I am of the view that the impugned orders. insofar as seek to demand tax on manufacturing loss on traded goods are liable to be set aside. 8. In the light of the above observation, the respondent is directed to pass appropriate orders on merits within a period of three months from the date of receipt of a copy of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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