https://www.taxtmi.com/caselaws?id=284463 The High Court set aside the Tribunal's decision disallowing Input Tax Credit (ITC) claimed against purchases of iron and steel from registered dealers. The court emphasized the importance of conducting proper inquiries and complying with legal procedures. The Assessing Authority's failure to investigate as directed by the First Appeal Authority and discrepancies in the dates of suspension and cancellation of registration certificates led to the reassessment. The court highlighted the necessity of accurate information in tax assessments and directed a fresh assessment by the Assessing Authority to determine the entitlement to ITC benefits accurately. en-us Tue, 30 Oct 2018 00:00:00 +0530 Fri, 24 Jan 2020 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284463 The High Court set aside the Tribunal's decision disallowing Input Tax Credit (ITC) claimed against purchases of iron and steel from registered dealers. The court emphasized the importance of conducting proper inquiries and complying with legal procedures. The Assessing Authority's failure to investigate as directed by the First Appeal Authority and discrepancies in the dates of suspension and cancellation of registration certificates led to the reassessment. The court highlighted the necessity of accurate information in tax assessments and directed a fresh assessment by the Assessing Authority to determine the entitlement to ITC benefits accurately. Case-Laws VAT and Sales Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284463