https://www.taxtmi.com/caselaws?id=333125 Tax assessments affecting input tax credit must be made after a meaningful opportunity of hearing and proper consideration of the dealer's records; the assessments were set aside for violation of natural justice. Reversal of input tax credit on alleged process loss cannot rest on an ad hoc percentage, because the extent of loss must be determined from the manufacturing process, books of account, and year-specific factual enquiry; the uniform percentage approach was not sustained. The matters were remitted for fresh consideration with personal hearing and a speaking order on the merits. en-us Tue, 30 Aug 2016 00:00:00 +0530 Wed, 05 Oct 2016 09:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333125 Tax assessments affecting input tax credit must be made after a meaningful opportunity of hearing and proper consideration of the dealer's records; the assessments were set aside for violation of natural justice. Reversal of input tax credit on alleged process loss cannot rest on an ad hoc percentage, because the extent of loss must be determined from the manufacturing process, books of account, and year-specific factual enquiry; the uniform percentage approach was not sustained. The matters were remitted for fresh consideration with personal hearing and a speaking order on the merits. Case-Laws VAT and Sales Tax Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333125