https://www.taxtmi.com/caselaws?id=420979 Input tax credit cannot be denied merely because the selling dealer is alleged to be bogus or has not remitted tax, if the purchasing dealer has shown genuine purchases from registered dealers through invoices, banking payments and books of account. The burden under Section 70 is discharged by such material, and the Revenue must independently disprove the transaction rather than rely only on an enforcement report or alleged bill trading. The Department's remedy lies against the defaulting seller, not by rejecting credit without proof that the purchases were not genuine. The assessee was entitled to the input tax credit, and the Tribunal's order was sustained. en-us Tue, 29 Mar 2022 00:00:00 +0530 Fri, 15 Apr 2022 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420979 Input tax credit cannot be denied merely because the selling dealer is alleged to be bogus or has not remitted tax, if the purchasing dealer has shown genuine purchases from registered dealers through invoices, banking payments and books of account. The burden under Section 70 is discharged by such material, and the Revenue must independently disprove the transaction rather than rely only on an enforcement report or alleged bill trading. The Department's remedy lies against the defaulting seller, not by rejecting credit without proof that the purchases were not genuine. The assessee was entitled to the input tax credit, and the Tribunal's order was sustained. Case-Laws VAT and Sales Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420979