https://www.taxtmi.com/caselaws?id=326899 The court disposed of the writ petitions, directing the respondent to follow guidelines from a previous decision regarding VAT on invisible loss of yarn. It emphasized the need for a detailed examination of manufacturing processes to determine actual loss and compliance with VAT Act provisions. The court clarified statutory provisions and instructed the Assessing Authority to ensure dealer representations are justified. All notices for reopening and reversing input tax credit based on uniform percentage were set aside. The Assessing Officer was allowed to issue appropriate show cause notices. The court concluded by directing adherence to guidelines without awarding costs. en-us Tue, 11 Aug 2015 00:00:00 +0530 Mon, 16 Jan 2017 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326899 The court disposed of the writ petitions, directing the respondent to follow guidelines from a previous decision regarding VAT on invisible loss of yarn. It emphasized the need for a detailed examination of manufacturing processes to determine actual loss and compliance with VAT Act provisions. The court clarified statutory provisions and instructed the Assessing Authority to ensure dealer representations are justified. All notices for reopening and reversing input tax credit based on uniform percentage were set aside. The Assessing Officer was allowed to issue appropriate show cause notices. The court concluded by directing adherence to guidelines without awarding costs. Case-Laws VAT and Sales Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326899