Court Examines Input Tax Credit Validity Due to Supplier's Non-Disclosure, Following February 2021 Circular Guidelines.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Validity of assessment order - input tax credit - failure to disclose the turnover in the return on the part of supplier - opportunity of personal hearing - There are no merits in these Writ Petitions. - However, in view of the circular dated 24.02.2021 to specifically deal with the situation, the case has to be examined in the light of the said Circular- HC....