https://www.taxtmi.com/caselaws?id=200125 The High Court held that the assessing officer's decision to reverse input-tax credit from the purchaser due to defaulting sellers was incorrect. The Court emphasized that the responsibility for tax discrepancies lies with the non-compliant sellers, not the purchaser. The assessing officer's action was deemed contrary to the law, and the single judge's order setting it aside was upheld. The appeal was dismissed, stressing the importance of holding the appropriate party accountable for tax issues under the Tamil Nadu Value Added Tax Act. en-us Fri, 09 Sep 2016 00:00:00 +0530 Wed, 21 Mar 2018 17:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200125 The High Court held that the assessing officer's decision to reverse input-tax credit from the purchaser due to defaulting sellers was incorrect. The Court emphasized that the responsibility for tax discrepancies lies with the non-compliant sellers, not the purchaser. The assessing officer's action was deemed contrary to the law, and the single judge's order setting it aside was upheld. The appeal was dismissed, stressing the importance of holding the appropriate party accountable for tax issues under the Tamil Nadu Value Added Tax Act. Case-Laws VAT and Sales Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200125