Penalty Imposed for Availing ITC on Fake Invoices u/s 70(2)(a) of KVAT Act, 2003; Burden of Proof Failed.

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....Penalty u/s 70[2][a] of the KVAT Act, 2003 - availing ITC on he basis of fake and false invoices - burden of proving that the claim of input tax credit is correct, is squarely upon the Assessee who never discharged the said burden in the present case. - Penalty levied.....