2021 (3) TMI 1307

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...., learned Government Advocate accepts notice for the respondent and is armed with instructions to proceed with the matter. 2.The petitioner challenges an order of assessment dated 15.12.2020 for the period 2015-16 passed in terms of the provisions of the Tamil Nadu Value Added Tax Act, 2006 (in short 'Act'). This is the second round of litigation as far as this petitioner is concerned. 3....

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....remittance in regard to the claim of input tax credit (ITC) on transactions with PG Renewables Pvt. Ltd (seller) for verification. The case of the petitioner is that the entity was functioning at the time when the transactions were concluded and thus it was eligible to the ITC claimed. The case of the revenue is, however, that the said entity has been treated as defunct right from the date of its ....

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.....2014 and hence the registration was valid on the date on which purchases was made entitling it to the grant of ITC. Reliance is placed on a decision of this Court in The Assistant Commissioner Vs. Bhairav Trading Company [(2016) 96 VST 315]. Further reply dated 20.11.2020 was also filed before the Assessing Authority. 7. A final show cause notice for revision of assessment was issued on 27.11.20....

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....f the two directors of the company, it stands automatically dissolved. Even assuming that this point was not put to the petitioner earlier, as the aforesaid observation is only incidental and merely to support the conclusion of the officer that the PG Renewables Pvt. Ltd. was not functioning or transacting during the period in question. The conclusion in the order of assessment is to the effect th....