https://www.taxtmi.com/caselaws?id=389125 Input tax credit cannot be denied solely because the selling dealer failed to deposit tax or file returns; the purchasing dealer's genuine transaction and payment to the seller must be independently examined on the facts and evidence. On the purchase of old used machinery as capital goods, the rejection of credit was unsustainable because the order did not show adequate merits-based scrutiny. The reassessment and demand were set aside and the matter was remanded for fresh consideration with all contentions left open. en-us Tue, 19 Nov 2019 00:00:00 +0530 Mon, 14 Jun 2021 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389125 Input tax credit cannot be denied solely because the selling dealer failed to deposit tax or file returns; the purchasing dealer's genuine transaction and payment to the seller must be independently examined on the facts and evidence. On the purchase of old used machinery as capital goods, the rejection of credit was unsustainable because the order did not show adequate merits-based scrutiny. The reassessment and demand were set aside and the matter was remanded for fresh consideration with all contentions left open. Case-Laws VAT and Sales Tax Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389125