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    <title>Court Upholds Denial of Input Tax Credit Due to Fake Transactions and Supplier&#039;s Canceled Registration Certificate.</title>
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    <description>Denial of input tax credit on the ground that registration certificate of the supplier has been cancelled ab initio - there was no actual physical movement of the goods and therefore, the sale transaction is/are not genuine and it was only billing activities to defraud the government - credit was rightly denied - HC</description>
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      <description>Denial of input tax credit on the ground that registration certificate of the supplier has been cancelled ab initio - there was no actual physical movement of the goods and therefore, the sale transaction is/are not genuine and it was only billing activities to defraud the government - credit was rightly denied - HC</description>
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