https://www.taxtmi.com/caselaws?id=369720 Tribunal adjudication must address every pressed ground of appeal; failure to decide a specifically raised challenge to input tax credit reversal on consignment sale of a by-product renders that part of its order legally unsustainable and requires fresh determination. Where tax is imposed on enhanced turnover representing undisclosed raw-material purchases and on the estimated manufactured output derived from those purchases, corresponding input tax credit must be allowed. Denial of that credit despite taxing the related transactions is inconsistent with the statutory scheme. en-us Mon, 29 Oct 2018 00:00:00 +0530 Fri, 02 Nov 2018 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369720 Tribunal adjudication must address every pressed ground of appeal; failure to decide a specifically raised challenge to input tax credit reversal on consignment sale of a by-product renders that part of its order legally unsustainable and requires fresh determination. Where tax is imposed on enhanced turnover representing undisclosed raw-material purchases and on the estimated manufactured output derived from those purchases, corresponding input tax credit must be allowed. Denial of that credit despite taxing the related transactions is inconsistent with the statutory scheme. Case-Laws VAT and Sales Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369720