https://www.taxtmi.com/caselaws?id=358098 Concurrent findings that the audit did not establish purchase suppression or sales suppression, and that the stock discrepancy was negligible, justified deletion of the proposed input tax credit reversal on scrap sales. The HC held that the dealer's sale of finished goods and scrap on first sale, with tax paid after adjusting input tax credit, did not raise any substantial question of law for interference in tax revision. On that basis, the challenge to reopening the assessment failed and the revisions were dismissed. en-us Fri, 02 Mar 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358098 Concurrent findings that the audit did not establish purchase suppression or sales suppression, and that the stock discrepancy was negligible, justified deletion of the proposed input tax credit reversal on scrap sales. The HC held that the dealer's sale of finished goods and scrap on first sale, with tax paid after adjusting input tax credit, did not raise any substantial question of law for interference in tax revision. On that basis, the challenge to reopening the assessment failed and the revisions were dismissed. Case-Laws VAT and Sales Tax Fri, 02 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358098