https://www.taxtmi.com/caselaws?id=409541 Input tax credit cannot be denied to a bona fide purchasing dealer when goods are bought from registered sellers against proper invoices and payment is made through traceable banking channels; the purchaser's duty is limited to verifying registration and compliance with the Act. If the selling dealers collected tax but failed to remit it or disclose returns correctly, the revenue's remedy lies against those defaulting sellers, not against the purchaser. Revisional interference with the first appellate finding was therefore unwarranted, and the assessee remained entitled to ITC. en-us Tue, 15 Jun 2021 00:00:00 +0530 Sat, 10 Jul 2021 08:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409541 Input tax credit cannot be denied to a bona fide purchasing dealer when goods are bought from registered sellers against proper invoices and payment is made through traceable banking channels; the purchaser's duty is limited to verifying registration and compliance with the Act. If the selling dealers collected tax but failed to remit it or disclose returns correctly, the revenue's remedy lies against those defaulting sellers, not against the purchaser. Revisional interference with the first appellate finding was therefore unwarranted, and the assessee remained entitled to ITC. Case-Laws VAT and Sales Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409541