https://www.taxtmi.com/caselaws?id=366266 The court upheld the addition on interstate purchases based on Delivery Note values, rejecting the petitioner's argument of selling goods at lower prices due to lack of evidence. However, the addition on local purchases was deemed improper as no evidence supported suppression, leading to its deletion in favor of the assessee. The denial of input tax credit was upheld, citing the prevention of cascading tax effects when the selling dealer fails to remit taxes, thus absolving the obligation to grant input tax credit. The Assessing Officer was directed to redo the assessment in accordance with the court's ruling. en-us Fri, 10 Aug 2018 00:00:00 +0530 Fri, 15 Feb 2019 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366266 The court upheld the addition on interstate purchases based on Delivery Note values, rejecting the petitioner's argument of selling goods at lower prices due to lack of evidence. However, the addition on local purchases was deemed improper as no evidence supported suppression, leading to its deletion in favor of the assessee. The denial of input tax credit was upheld, citing the prevention of cascading tax effects when the selling dealer fails to remit taxes, thus absolving the obligation to grant input tax credit. The Assessing Officer was directed to redo the assessment in accordance with the court's ruling. Case-Laws VAT and Sales Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366266