https://www.taxtmi.com/caselaws?id=393221 Reassessment under the Karnataka Value Added Tax Act was treated as valid where the Commissioner's authorization covered the dealer, so the challenge based on lack of sanction failed. Input tax credit was also denied because the purchases were linked to a bill trader issuing fake invoices, and the dealer did not discharge the statutory burden under Section 70 to prove genuineness of the transactions and actual movement of goods. Mere invoices were held insufficient. On that basis, the revisional authority's restoration of the reassessment order was upheld and the claim for input tax credit rejected. en-us Wed, 29 Jan 2020 00:00:00 +0530 Mon, 01 Mar 2021 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393221 Reassessment under the Karnataka Value Added Tax Act was treated as valid where the Commissioner's authorization covered the dealer, so the challenge based on lack of sanction failed. Input tax credit was also denied because the purchases were linked to a bill trader issuing fake invoices, and the dealer did not discharge the statutory burden under Section 70 to prove genuineness of the transactions and actual movement of goods. Mere invoices were held insufficient. On that basis, the revisional authority's restoration of the reassessment order was upheld and the claim for input tax credit rejected. Case-Laws VAT and Sales Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393221