https://www.taxtmi.com/caselaws?id=442333 A writ petition challenging a revisional order under the Telangana Value Added Tax Act was held maintainable despite the availability of a statutory appeal, because the court had already entertained the petition and granted interim relief, and the challenge concerned the exercise of revisional jurisdiction on an inadequate record. The revisional order withdrawing input tax credit was found unsustainable because revisional power under Section 32(2) can be exercised only where the assessment is prejudicial to revenue, and the material did not conclusively support the adverse inference drawn. As further factual verification was necessary, the matter was remanded for fresh decision after giving the assessee an opportunity to produce evidence. en-us Wed, 12 Jul 2023 00:00:00 +0530 Wed, 30 Aug 2023 07:35:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442333 A writ petition challenging a revisional order under the Telangana Value Added Tax Act was held maintainable despite the availability of a statutory appeal, because the court had already entertained the petition and granted interim relief, and the challenge concerned the exercise of revisional jurisdiction on an inadequate record. The revisional order withdrawing input tax credit was found unsustainable because revisional power under Section 32(2) can be exercised only where the assessment is prejudicial to revenue, and the material did not conclusively support the adverse inference drawn. As further factual verification was necessary, the matter was remanded for fresh decision after giving the assessee an opportunity to produce evidence. Case-Laws VAT and Sales Tax Wed, 12 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442333