https://www.taxtmi.com/caselaws?id=269408 The assessee contended that, under Section 19(20) of the Tamil Nadu VAT Act, it was entitled to reversal of input tax credit where goods were sold below purchase price, and that the Commissioner's circular dated 4.11.2013 supporting that position had been ignored by the assessing authority. The HC, however, noted that the controversy had been decided by the assessing authority on clear findings of fact and declined to examine the merits in writ jurisdiction. The writ petition was dismissed without prejudice to the statutory appeal remedy under Section 52, with liberty to pursue that remedy. en-us Wed, 17 Jun 2015 00:00:00 +0530 Mon, 14 Dec 2015 21:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269408 The assessee contended that, under Section 19(20) of the Tamil Nadu VAT Act, it was entitled to reversal of input tax credit where goods were sold below purchase price, and that the Commissioner's circular dated 4.11.2013 supporting that position had been ignored by the assessing authority. The HC, however, noted that the controversy had been decided by the assessing authority on clear findings of fact and declined to examine the merits in writ jurisdiction. The writ petition was dismissed without prejudice to the statutory appeal remedy under Section 52, with liberty to pursue that remedy. Case-Laws VAT and Sales Tax Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269408