https://www.taxtmi.com/caselaws?id=427788 Input tax credit reversal based on mismatch could not be sustained where the mismatch particulars were not furnished to the assessee and no hearing was granted. The prescribed mismatch procedure under Circular No. 5/2021 required verification of data at both ends, issue of notice, opportunity to show cause, and a personal hearing before any adverse order. As those safeguards were not followed, the reversal was set aside and the matter remitted for de novo reconsideration after disclosure of the mismatch details and an opportunity of hearing. en-us Wed, 20 Jul 2022 00:00:00 +0530 Sat, 17 Sep 2022 07:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427788 Input tax credit reversal based on mismatch could not be sustained where the mismatch particulars were not furnished to the assessee and no hearing was granted. The prescribed mismatch procedure under Circular No. 5/2021 required verification of data at both ends, issue of notice, opportunity to show cause, and a personal hearing before any adverse order. As those safeguards were not followed, the reversal was set aside and the matter remitted for de novo reconsideration after disclosure of the mismatch details and an opportunity of hearing. Case-Laws VAT and Sales Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427788