https://www.taxtmi.com/caselaws?id=265083 Disallowance of input tax credit and penalty was sustained where the purchasing dealers were found to be fictitious, the goods were traced to bogus transactions, and the verification report was not effectively challenged. The Tribunal treated the findings of bogus dealers and absence of genuine supporting bills as factual conclusions, and they were not shown to be perverse or erroneous. On that basis, the challenge raised no substantial question of law, so the Revenue's position prevailed. en-us Thu, 20 Aug 2015 00:00:00 +0530 Tue, 06 Oct 2015 06:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265083 Disallowance of input tax credit and penalty was sustained where the purchasing dealers were found to be fictitious, the goods were traced to bogus transactions, and the verification report was not effectively challenged. The Tribunal treated the findings of bogus dealers and absence of genuine supporting bills as factual conclusions, and they were not shown to be perverse or erroneous. On that basis, the challenge raised no substantial question of law, so the Revenue's position prevailed. Case-Laws VAT and Sales Tax Thu, 20 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265083