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TMI Blog2021 (4) TMI 1036X X X X Extracts X X X X X X X X Extracts X X X X ..... ATE) ORDER ALOK ARADHE J., This petition under Section 65(1) of the Karnataka Value Added Tax Act, 2003 (hereinafter referred to as 'the Act' for short) has been filed against the order dated 31.10.2017 passed by the Karnataka Appellate Tribunal. 2. The petition was admitted by an order dated 04.12.2019 on the following substantial questions of law: "1. Whether Tribunal was j ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... med to have purchased goods from various dealers and claimed input tax credit on the basis of the invoices raised by them. An order of reassessment was passed on 28.02.2015 by which input tax credit claimed by the respondent was allowed. Subsequently, the Assessing Authority denied the input tax credit claimed by the respondent on such purchases by a rectification order dated 14.07.2015 on the gro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... liability to tax. It was further held that the assessee had discharged the burden cast on him under Section 70 of the Act to prove the genuineness of the transactions in question. The Tribunal also set aside the consequential levy of interest and penalty. In the aforesaid factual background, this petition has been filed. 4. When the matter was taken up today, learned counsel for the assessee subm ..... X X X X Extracts X X X X X X X X Extracts X X X X
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