https://www.taxtmi.com/caselaws?id=376321 A reassessment under the Tamil Nadu VAT Act was held unsustainable where the purchaser had disclosed the purchases, produced invoices, and claimed input tax credit on the strength of those invoices, but the seller had failed to report the corresponding sales. The recorded principle is that default by the seller in disclosing sales or remitting tax cannot, on these facts, be fastened on a bona fide purchaser when the purchase transactions and invoices are undisputed. The matter was directed to be reconsidered after personal hearing, and the reassessment order was quashed to that extent. en-us Wed, 20 Feb 2019 00:00:00 +0530 Thu, 07 Mar 2019 07:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376321 A reassessment under the Tamil Nadu VAT Act was held unsustainable where the purchaser had disclosed the purchases, produced invoices, and claimed input tax credit on the strength of those invoices, but the seller had failed to report the corresponding sales. The recorded principle is that default by the seller in disclosing sales or remitting tax cannot, on these facts, be fastened on a bona fide purchaser when the purchase transactions and invoices are undisputed. The matter was directed to be reconsidered after personal hearing, and the reassessment order was quashed to that extent. Case-Laws VAT and Sales Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376321