High Court Remands Case on ITC Reversal u/s 19(16) TNVAT Act Due to Seller's Unpaid VAT.

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....Reversal of ITC u/s 19(16) of the TNVAT Act, 2006 - verification of web report of buyer and seller as per Annexure-I revealed that the Assessee had claimed certain amount as ITC, but the other end dealers have not paid VAT as per Annexure-II of the sellers - Though department has power to reject the ITC, matter remanded back for verification - HC....