TMI Blog2009 (9) TMI 1071X X X X Extracts X X X X X X X X Extracts X X X X ..... ned Special Standing Counsel for the Commercial Taxes. The petitioner company is a registered dealer under the A.P. VAT Act, 2005 (for short the Act ) and the CST Act, 1956 as well. The respondent issued two notices of assessment dated 12.05.2009 under Rule 25 of the A.P. VAT Rules, 2005; the first notice covering the period from 01-04-2005 to 31-03-2006 and the second the period 01-04-2006 to 31 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order impugned dated 26-05-2009 of the respondent, the assessment was made as proposed and on the basis of the Enforcement report recording that input tax credit claimed by the petitioner was in excess in what the petitioner is eligible, due to non or improper application of the formula prescribed i.e., A X B/C as the petitioner has huge transactions of stock transfers to its units in other State ..... X X X X Extracts X X X X X X X X Extracts X X X X
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