https://www.taxtmi.com/caselaws?id=280497 The High Court of Calcutta set aside the Tribunal's order in a dispute over input-tax credit claimed by an assessee based on alleged payments and bills. The matter was remanded to the Assessing Officer for further examination, directing the assessee to provide evidence supporting the genuineness of purchases. The judgment highlighted the importance of establishing transaction authenticity, emphasizing thorough investigation and evidence presentation. Each party bore their costs, and an urgent certified copy of the order was to be provided to the advocates. The decision stressed the need for substantiating transaction genuineness for input-tax credit eligibility. en-us Mon, 06 Jan 2014 00:00:00 +0530 Tue, 07 May 2019 23:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280497 The High Court of Calcutta set aside the Tribunal's order in a dispute over input-tax credit claimed by an assessee based on alleged payments and bills. The matter was remanded to the Assessing Officer for further examination, directing the assessee to provide evidence supporting the genuineness of purchases. The judgment highlighted the importance of establishing transaction authenticity, emphasizing thorough investigation and evidence presentation. Each party bore their costs, and an urgent certified copy of the order was to be provided to the advocates. The decision stressed the need for substantiating transaction genuineness for input-tax credit eligibility. Case-Laws VAT and Sales Tax Mon, 06 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280497