https://www.taxtmi.com/caselaws?id=301608 The Court upheld the determination of evaded rice purchases based on the loose parcha, finding the turnover proportionate to the business period. It directed the applicant to pay the tax on purchases to claim input tax credit on subsequent rice sales. The matter was remanded to the assessing authority for reassessment in light of the Court's observations, partially allowing the revision. en-us Fri, 26 Sep 2014 00:00:00 +0530 Tue, 12 Apr 2022 09:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301608 The Court upheld the determination of evaded rice purchases based on the loose parcha, finding the turnover proportionate to the business period. It directed the applicant to pay the tax on purchases to claim input tax credit on subsequent rice sales. The matter was remanded to the assessing authority for reassessment in light of the Court's observations, partially allowing the revision. Case-Laws VAT and Sales Tax Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301608