https://www.taxtmi.com/caselaws?id=347376 A subordinate assessing authority is bound by an existing judicial interpretation of a taxing provision and cannot adopt a contrary construction unless that interpretation is modified or set aside. The note also states that reversal of input tax credit under Section 19(5)(c) cannot be sustained where the dealer's stock, production and supporting records are not properly examined. On the facts discussed, the assessment was set aside and the matter remanded for fresh adjudication in accordance with the binding interpretation, after giving the dealer an opportunity of hearing. en-us Thu, 17 Aug 2017 00:00:00 +0530 Mon, 04 Sep 2017 08:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347376 A subordinate assessing authority is bound by an existing judicial interpretation of a taxing provision and cannot adopt a contrary construction unless that interpretation is modified or set aside. The note also states that reversal of input tax credit under Section 19(5)(c) cannot be sustained where the dealer's stock, production and supporting records are not properly examined. On the facts discussed, the assessment was set aside and the matter remanded for fresh adjudication in accordance with the binding interpretation, after giving the dealer an opportunity of hearing. Case-Laws VAT and Sales Tax Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347376