https://www.taxtmi.com/caselaws?id=345394 Assessment based only on audit slips was insufficient where the dealer denied participation in the alleged transactions and claimed misuse of its name, TIN and PAN. The Assessing Officer was required to conduct a fuller enquiry by obtaining material from the Customs Department, the Income Tax Department and the concerned banks before making a conclusive ex parte assessment. The rejection of the rectification applications was therefore unsustainable. The impugned orders and ex parte assessments were set aside, and the matters were remanded for fresh enquiry, fresh show cause notices and further action in accordance with law. en-us Tue, 04 Jul 2017 00:00:00 +0530 Mon, 17 Jul 2017 09:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345394 Assessment based only on audit slips was insufficient where the dealer denied participation in the alleged transactions and claimed misuse of its name, TIN and PAN. The Assessing Officer was required to conduct a fuller enquiry by obtaining material from the Customs Department, the Income Tax Department and the concerned banks before making a conclusive ex parte assessment. The rejection of the rectification applications was therefore unsustainable. The impugned orders and ex parte assessments were set aside, and the matters were remanded for fresh enquiry, fresh show cause notices and further action in accordance with law. Case-Laws VAT and Sales Tax Tue, 04 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345394