https://www.taxtmi.com/caselaws?id=406009 Disclosure of transactions in Form WW prevented a finding of suppression, and a mere omission in the return, without concealment in substance, could not support a tax demand. The Court also held that reversal of input tax credit was unjustified where the tax component in the original invoice had not been disturbed, because a manufacturer's trade discount and a lower sale price did not by themselves establish wrongful availment of credit under the Tamilnadu VAT Act and Rules. The assessment order was quashed and the writ petition succeeded on both issues. en-us Thu, 18 Feb 2021 00:00:00 +0530 Sat, 03 Apr 2021 08:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406009 Disclosure of transactions in Form WW prevented a finding of suppression, and a mere omission in the return, without concealment in substance, could not support a tax demand. The Court also held that reversal of input tax credit was unjustified where the tax component in the original invoice had not been disturbed, because a manufacturer's trade discount and a lower sale price did not by themselves establish wrongful availment of credit under the Tamilnadu VAT Act and Rules. The assessment order was quashed and the writ petition succeeded on both issues. Case-Laws VAT and Sales Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406009