https://www.taxtmi.com/caselaws?id=389183 Pre-assessment notices must disclose the specific basis for proposed turnover modification and input tax credit reversal; notices asking only for factual particulars do not amount to an effective opportunity where the objection first appears in the assessment order. On mixed-use capital goods in a captive power plant, input tax credit may be allowed proportionately when the goods are used for both taxable and exempt outputs, rather than denied in full. The assessment was set aside and the matter remitted for fresh consideration and de novo assessment after hearing the assessee and examining the proportionate credit claim. en-us Wed, 06 Nov 2019 00:00:00 +0530 Tue, 03 Dec 2019 10:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389183 Pre-assessment notices must disclose the specific basis for proposed turnover modification and input tax credit reversal; notices asking only for factual particulars do not amount to an effective opportunity where the objection first appears in the assessment order. On mixed-use capital goods in a captive power plant, input tax credit may be allowed proportionately when the goods are used for both taxable and exempt outputs, rather than denied in full. The assessment was set aside and the matter remitted for fresh consideration and de novo assessment after hearing the assessee and examining the proportionate credit claim. Case-Laws VAT and Sales Tax Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389183