https://www.taxtmi.com/caselaws?id=374922 An appellate order that does not deal with the core contentions and gives no meaningful reasons is vulnerable for non-application of mind. In computing input tax credit disallowance, where the return cycle is monthly and credit is reversed month by month for non-taxable disposals, the assessment must follow the monthly transaction pattern. An annual averaging of taxable and non-taxable purchases is impermissible because it distorts the actual position and produces an artificial figure. The assessment was therefore required to be recomputed on a monthly basis. en-us Tue, 03 Jul 2018 00:00:00 +0530 Wed, 13 Feb 2019 06:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374922 An appellate order that does not deal with the core contentions and gives no meaningful reasons is vulnerable for non-application of mind. In computing input tax credit disallowance, where the return cycle is monthly and credit is reversed month by month for non-taxable disposals, the assessment must follow the monthly transaction pattern. An annual averaging of taxable and non-taxable purchases is impermissible because it distorts the actual position and produces an artificial figure. The assessment was therefore required to be recomputed on a monthly basis. Case-Laws VAT and Sales Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374922