Challenge on Assessment Jurisdiction: No ITC Claimed, Section 19(20) Inapplicable for Cement Sold Below Purchase Price.

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....Jurisdiction of Assessment Order passed to deny ITC where appellant had sold goods at a price lesser than the price at which the goods were purchased by him - the appellant has not availed of ITC in respect of the subject goods i.e., cement. Therefore, there was no occasion for the Assessing Officer, in any event, to invoke the provisions of Section 19(20) - HC....