https://www.taxtmi.com/caselaws?id=347441 Revised assessment reversing input tax credit could not be sustained where it rested on unverified departmental information and lacked meaningful cross-verification of purchases and tax payment. The court held that denial of credit under the Tamil Nadu Value Added Tax Act requires proper enquiry, verification of records, and an effective opportunity to rebut adverse material. The proposed penalty was also linked to the same defective revision notice. The assessment was set aside, and the assessee was allowed to file objections and produce documents for fresh consideration in accordance with law. en-us Thu, 17 Aug 2017 00:00:00 +0530 Tue, 05 Sep 2017 08:19:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347441 Revised assessment reversing input tax credit could not be sustained where it rested on unverified departmental information and lacked meaningful cross-verification of purchases and tax payment. The court held that denial of credit under the Tamil Nadu Value Added Tax Act requires proper enquiry, verification of records, and an effective opportunity to rebut adverse material. The proposed penalty was also linked to the same defective revision notice. The assessment was set aside, and the assessee was allowed to file objections and produce documents for fresh consideration in accordance with law. Case-Laws VAT and Sales Tax Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347441