https://www.taxtmi.com/caselaws?id=768512 Input tax credit reversal under the TNVAT Act required fresh consideration because the assessing authority had confirmed the reversal after a long interval and without giving effect to the settled legal position governing such claims. The petitioner's non-response supported the original confirmation, but binding precedent made reconsideration necessary. The HC set aside the impugned order and remitted the matter to the assessing authority for fresh adjudication on merits, leaving the tax demand open. en-us Thu, 19 Sep 2024 00:00:00 +0530 Tue, 08 Apr 2025 16:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768512 Input tax credit reversal under the TNVAT Act required fresh consideration because the assessing authority had confirmed the reversal after a long interval and without giving effect to the settled legal position governing such claims. The petitioner's non-response supported the original confirmation, but binding precedent made reconsideration necessary. The HC set aside the impugned order and remitted the matter to the assessing authority for fresh adjudication on merits, leaving the tax demand open. Case-Laws VAT / Sales Tax Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768512