https://www.taxtmi.com/caselaws?id=431598 Input Tax Credit reversal based on return mismatch cannot be sustained unless the prescribed verification procedure is followed, including reconciliation, notice, opportunity to explain discrepancies, and adherence to natural justice; the assessment orders were set aside for non-compliance. The related finding on non-maintenance of books of account was only consequential and could not survive once the main assessment orders fell. The matters were remitted for fresh consideration with notice and de novo proceedings in accordance with law and the mismatch procedure. en-us Fri, 02 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431598 Input Tax Credit reversal based on return mismatch cannot be sustained unless the prescribed verification procedure is followed, including reconciliation, notice, opportunity to explain discrepancies, and adherence to natural justice; the assessment orders were set aside for non-compliance. The related finding on non-maintenance of books of account was only consequential and could not survive once the main assessment orders fell. The matters were remitted for fresh consideration with notice and de novo proceedings in accordance with law and the mismatch procedure. Case-Laws VAT and Sales Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431598