https://www.taxtmi.com/caselaws?id=422446 The Madras HC upheld reversal of input tax credit and the consequential penalty under the Tamil Nadu VAT Act, 2006, where transactions between sister concerns at the same premises were found to lack proof of actual movement of goods. Despite repeated opportunities, the assessee did not produce transport records or other evidence of delivery, and admitted that goods moved within the same campus without separate loading, unloading, or transportation charges. On that record, the authority was justified in drawing an adverse inference of bill trading and circulation of input tax credit, and the assessment was sustained. en-us Thu, 21 Apr 2022 00:00:00 +0530 Mon, 16 May 2022 08:41:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422446 The Madras HC upheld reversal of input tax credit and the consequential penalty under the Tamil Nadu VAT Act, 2006, where transactions between sister concerns at the same premises were found to lack proof of actual movement of goods. Despite repeated opportunities, the assessee did not produce transport records or other evidence of delivery, and admitted that goods moved within the same campus without separate loading, unloading, or transportation charges. On that record, the authority was justified in drawing an adverse inference of bill trading and circulation of input tax credit, and the assessment was sustained. Case-Laws VAT and Sales Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422446