https://www.taxtmi.com/caselaws?id=348603 The court set aside the assessment orders for the years 2011-12 to 2015-16 due to the Assessing Officer's failure to justify the rejection of objections regarding input tax credit adjustments. The petitioner's claim for a refund of reversed input tax credit was supported by legal precedents, leading to the court directing a reassessment considering the petitioner's submissions and relevant judgments. The court emphasized the need for a lawful and rational approach in tax assessments, highlighting the principles of tax deferment benefits and procedural fairness. The writ petitions were partially allowed, granting the petitioner the opportunity to claim a refund based on a specific court decision. en-us Tue, 12 Sep 2017 00:00:00 +0530 Wed, 28 Mar 2018 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348603 The court set aside the assessment orders for the years 2011-12 to 2015-16 due to the Assessing Officer's failure to justify the rejection of objections regarding input tax credit adjustments. The petitioner's claim for a refund of reversed input tax credit was supported by legal precedents, leading to the court directing a reassessment considering the petitioner's submissions and relevant judgments. The court emphasized the need for a lawful and rational approach in tax assessments, highlighting the principles of tax deferment benefits and procedural fairness. The writ petitions were partially allowed, granting the petitioner the opportunity to claim a refund based on a specific court decision. Case-Laws VAT and Sales Tax Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348603