https://www.taxtmi.com/caselaws?id=394241 The court set aside the notices proposing reversal of input tax credit and levy of tax and penalty for assessment years 2007-08 and 2008-09. The court allowed the writ petitions, remitted the matters for fresh consideration, and directed Assessing Officers to conduct thorough inquiries and develop a centralized mechanism for cases of mismatch. The court emphasized implementing inspections and VAT audit proposals, keeping cases involving credit mismatches pending until a mechanism is established. The court ruled in favor of the petitioner, instructing compliance with its order and the Commissioner of State Tax's directives, closing related petitions without costs. en-us Mon, 09 Mar 2020 00:00:00 +0530 Fri, 30 Oct 2020 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394241 The court set aside the notices proposing reversal of input tax credit and levy of tax and penalty for assessment years 2007-08 and 2008-09. The court allowed the writ petitions, remitted the matters for fresh consideration, and directed Assessing Officers to conduct thorough inquiries and develop a centralized mechanism for cases of mismatch. The court emphasized implementing inspections and VAT audit proposals, keeping cases involving credit mismatches pending until a mechanism is established. The court ruled in favor of the petitioner, instructing compliance with its order and the Commissioner of State Tax's directives, closing related petitions without costs. Case-Laws Service Tax Mon, 09 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394241