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of <h1>Supreme Court Allows Revenue's Appeal Based on Precedent; Respondent Does Not Contest, Case Disposed.</h1> <h3>THE ADDITIONAL COMMISSIONER OF COMMERCIAL TAXES Versus M/s SHANKARA INFRASTRUCTURE MATERIALS LTD.</h3> The SC granted leave and allowed the appeal in favor of the Revenue, relying on the precedent set in State of Karnataka v. Ecom Gill Coffee Trading Pvt. ... Input tax credit - non-existing or bogus entities - HELD THAT:- The appeal is disposed off in light of ratio in Ecom Gill Coffee Trading Private Limited [2023 (3) TMI 533 - SUPREME COURT] where it was held that 'Both, the second Appellate Authority as well as the High Court have materially erred in allowing the ITC despite the concerned purchasing dealers failed to prove the genuineness of the transactions and failed to discharge the burden of proof as per section 70 of the KVAT Act, 2003.' Appeal allowed. The Supreme Court granted leave and allowed the appeal in favor of the Revenue, citing the judgment in State of Karnataka v. Ecom Gill Coffee Trading Private Limited. The respondent did not contest, leading to the disposal of the appeal based on the mentioned ratio.
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