https://www.taxtmi.com/caselaws?id=347250 Input tax credit disallowance based on purchase and sales mismatch cannot stand where the assessing authority fails to verify invoice particulars, dealer status and other relevant transaction details before drawing adverse inference. The record showed that the dealer had furnished transaction data and sought verification, but no meaningful enquiry into the other end dealers was undertaken and the mandatory examination in mismatch cases was not carried out before credit was denied and penalty proposed. The assessment orders were therefore set aside and the matter was remanded for fresh consideration with personal hearing and verification of the relevant materials. en-us Wed, 09 Aug 2017 00:00:00 +0530 Fri, 01 Sep 2017 07:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347250 Input tax credit disallowance based on purchase and sales mismatch cannot stand where the assessing authority fails to verify invoice particulars, dealer status and other relevant transaction details before drawing adverse inference. The record showed that the dealer had furnished transaction data and sought verification, but no meaningful enquiry into the other end dealers was undertaken and the mandatory examination in mismatch cases was not carried out before credit was denied and penalty proposed. The assessment orders were therefore set aside and the matter was remanded for fresh consideration with personal hearing and verification of the relevant materials. Case-Laws VAT and Sales Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347250