Input tax credit upheld on factual findings of genuine transactions, valid documents, and banking payments; no question of law arose.

The Tribunal allowed input tax credit on the basis of factual findings that the assessee's registration was valid at the time of the transactions, the transactions were genuine, valid documents were furnished, and payments were made through banking channels. On the entry tax issue, the court noted that the tax itself had already been held to be invalid. As the order rested on findings of fact and no question of law arose, no interference was warranted and the revision was dismissed.

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Issues: Whether the Tribunal was justified in allowing input tax credit without further verification of the nature of the transaction.

Analysis: The Tribunal had recorded findings of fact that the assessee's registration was intact at the time of the transactions, that the transactions were genuine, that valid documents were produced, and that the payments were made through banking channels. The court also noted that, in relation to entry tax, the imposition of tax itself had already been held to be bad.

Conclusion: No question of law arose from the Tribunal's order, and no interference was warranted. The revision was dismissed.

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