https://www.taxtmi.com/caselaws?id=405950 Input tax credit cannot be denied merely because the supplier allegedly failed to remit tax where the purchaser dealer substantiates the transaction with reliable documentary evidence. The assessee produced a de-registration certificate, ledger extract, bank records, tax invoices, and check-post seals showing movement of goods, and the supplier was a registered dealer during the relevant period. Those materials established the genuineness of the purchases and rebutted any inference of a bogus transaction. The Karnataka HC held that the disallowance of input tax credit was unsustainable on these facts, and the assessee was entitled to succeed. en-us Thu, 25 Feb 2021 00:00:00 +0530 Fri, 02 Apr 2021 09:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405950 Input tax credit cannot be denied merely because the supplier allegedly failed to remit tax where the purchaser dealer substantiates the transaction with reliable documentary evidence. The assessee produced a de-registration certificate, ledger extract, bank records, tax invoices, and check-post seals showing movement of goods, and the supplier was a registered dealer during the relevant period. Those materials established the genuineness of the purchases and rebutted any inference of a bogus transaction. The Karnataka HC held that the disallowance of input tax credit was unsustainable on these facts, and the assessee was entitled to succeed. Case-Laws VAT and Sales Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405950