https://www.taxtmi.com/caselaws?id=371586 An adverse assessment disallowing input tax credit and imposing interest and penalty could not stand because the material relied on to treat the dealer transactions as bogus was not furnished to the assessee before finalisation. The HC held that a finding against tax credit requires disclosure of the adverse material and a meaningful opportunity to respond; a unilateral conclusion in breach of natural justice is unsustainable. The existence of an alternate statutory appeal did not cure the procedural defect. The assessment order was set aside and the matter remitted for fresh adjudication after due hearing. en-us Fri, 30 Nov 2018 00:00:00 +0530 Thu, 06 Dec 2018 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371586 An adverse assessment disallowing input tax credit and imposing interest and penalty could not stand because the material relied on to treat the dealer transactions as bogus was not furnished to the assessee before finalisation. The HC held that a finding against tax credit requires disclosure of the adverse material and a meaningful opportunity to respond; a unilateral conclusion in breach of natural justice is unsustainable. The existence of an alternate statutory appeal did not cure the procedural defect. The assessment order was set aside and the matter remitted for fresh adjudication after due hearing. Case-Laws VAT and Sales Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371586