https://www.taxtmi.com/caselaws?id=310808 A purchasing dealer who paid tax to registered selling dealers and satisfied the statutory conditions for input tax credit could not be denied credit merely because the sellers allegedly failed to remit the tax to the Department. The Madras HC reasoned that the purchaser was entitled to proceed on the bona fide assumption that tax collected under tax invoices would be remitted, and that denying credit in such circumstances would amount to impermissible double taxation. The proper remedy lay in proceeding against the defaulting selling dealers, not in fastening the liability again on the purchaser. The impugned orders were therefore unsustainable. en-us Mon, 27 Apr 2015 00:00:00 +0530 Fri, 17 Nov 2023 20:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310808 A purchasing dealer who paid tax to registered selling dealers and satisfied the statutory conditions for input tax credit could not be denied credit merely because the sellers allegedly failed to remit the tax to the Department. The Madras HC reasoned that the purchaser was entitled to proceed on the bona fide assumption that tax collected under tax invoices would be remitted, and that denying credit in such circumstances would amount to impermissible double taxation. The proper remedy lay in proceeding against the defaulting selling dealers, not in fastening the liability again on the purchaser. The impugned orders were therefore unsustainable. Case-Laws VAT and Sales Tax Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310808