https://www.taxtmi.com/caselaws?id=286301 The High Court of Madras allowed the writ petition, set aside the impugned order passed by the Assistant Commissioner, and directed the respondent not to deny the benefit of input tax credit to the petitioner. The Court emphasized the importance of following established legal principles and precedents, particularly regarding the reversal of input tax credit before the closure of the assessment year. The decision highlighted the necessity of proper documentation to verify input tax credit claims and reiterated that denial of such benefits prematurely contradicted established law. en-us Tue, 28 Apr 2015 00:00:00 +0530 Wed, 26 Feb 2020 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286301 The High Court of Madras allowed the writ petition, set aside the impugned order passed by the Assistant Commissioner, and directed the respondent not to deny the benefit of input tax credit to the petitioner. The Court emphasized the importance of following established legal principles and precedents, particularly regarding the reversal of input tax credit before the closure of the assessment year. The decision highlighted the necessity of proper documentation to verify input tax credit claims and reiterated that denial of such benefits prematurely contradicted established law. Case-Laws VAT and Sales Tax Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286301