https://www.taxtmi.com/caselaws?id=262431 Input Tax Credit under the Tamil Nadu VAT Act could not be reversed against a purchasing dealer solely because the selling dealer failed to remit tax, where the purchaser had disclosed the transactions, held valid tax invoices, and otherwise satisfied the statutory conditions for credit. The court applied its earlier view on Section 19(1) and held that the proper course was to proceed against the defaulting seller rather than deny credit to the buyer. The reversal of Input Tax Credit was therefore set aside, with liberty preserved to take action against the sellers in accordance with law. en-us Tue, 09 Jun 2015 00:00:00 +0530 Mon, 10 Aug 2015 06:04:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262431 Input Tax Credit under the Tamil Nadu VAT Act could not be reversed against a purchasing dealer solely because the selling dealer failed to remit tax, where the purchaser had disclosed the transactions, held valid tax invoices, and otherwise satisfied the statutory conditions for credit. The court applied its earlier view on Section 19(1) and held that the proper course was to proceed against the defaulting seller rather than deny credit to the buyer. The reversal of Input Tax Credit was therefore set aside, with liberty preserved to take action against the sellers in accordance with law. Case-Laws VAT and Sales Tax Tue, 09 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262431