https://www.taxtmi.com/caselaws?id=780382 A GST demand on furnishing a corporate guarantee to a related entity was found vulnerable because the adjudicating authority ignored the assessee's reply and the applicable valuation circulars. The assessee had argued that the recipient was eligible for full input tax credit and that the transaction value was nil because no invoice was issued. The court treated the omission to consider a material defence as non-application of mind, set aside the order, and remitted the matter for fresh consideration and a reasoned decision on all reply contentions. en-us Mon, 06 Oct 2025 00:00:00 +0530 Wed, 29 Oct 2025 08:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780382 A GST demand on furnishing a corporate guarantee to a related entity was found vulnerable because the adjudicating authority ignored the assessee's reply and the applicable valuation circulars. The assessee had argued that the recipient was eligible for full input tax credit and that the transaction value was nil because no invoice was issued. The court treated the omission to consider a material defence as non-application of mind, set aside the order, and remitted the matter for fresh consideration and a reasoned decision on all reply contentions. Case-Laws GST Mon, 06 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780382