https://www.taxtmi.com/caselaws?id=340506 The court set aside the order reversing Input Tax Credit and imposing a penalty, emphasizing the need for substantive evidence to declare transactions as bogus rather than solely relying on the absence of objections. The Assessing Officer was directed to redo the assessment, providing the petitioner with material and an opportunity to respond. The court stressed the importance of allowing the assessee to address allegations fairly and directed the assessing officer to pass a detailed order considering the proceedings' observations. en-us Wed, 01 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340506 The court set aside the order reversing Input Tax Credit and imposing a penalty, emphasizing the need for substantive evidence to declare transactions as bogus rather than solely relying on the absence of objections. The Assessing Officer was directed to redo the assessment, providing the petitioner with material and an opportunity to respond. The court stressed the importance of allowing the assessee to address allegations fairly and directed the assessing officer to pass a detailed order considering the proceedings' observations. Case-Laws VAT and Sales Tax Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340506