https://www.taxtmi.com/caselaws?id=259157 Refund of input tax under Section 18(2) of the TNVAT Act is subject to the restrictions and conditions in Section 19, so the Assessing Authority must undertake fact-finding to determine the actual quantum of input loss and examine whether any statutory bar applies, including Section 19(9). The Court disapproved the practice of reversing input tax credit on a uniform ad hoc percentage for invisible loss, holding that such blanket percentages cannot replace statutory inquiry. Administrative circulars are non-statutory guidelines and cannot justify summary reversal of refunds without the required factual examination. The impugned order was set aside insofar as it concerned input loss during production, and fresh orders were directed to be passed in accordance with law. en-us Wed, 11 Mar 2015 00:00:00 +0530 Fri, 01 May 2015 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259157 Refund of input tax under Section 18(2) of the TNVAT Act is subject to the restrictions and conditions in Section 19, so the Assessing Authority must undertake fact-finding to determine the actual quantum of input loss and examine whether any statutory bar applies, including Section 19(9). The Court disapproved the practice of reversing input tax credit on a uniform ad hoc percentage for invisible loss, holding that such blanket percentages cannot replace statutory inquiry. Administrative circulars are non-statutory guidelines and cannot justify summary reversal of refunds without the required factual examination. The impugned order was set aside insofar as it concerned input loss during production, and fresh orders were directed to be passed in accordance with law. Case-Laws VAT and Sales Tax Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259157