2022 (9) TMI 733

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....rt 'Act'). Though multiple issues have been dealt with under the impugned order, learned counsel would restrict the thrust of his arguments only through the reversal of Input Tax Credit (in short 'ITC'). 3.The reversal of ITC has been confirmed despite the petitioner having furnished copies of Form-I return filed by the selling dealers. The confirmation is on the ground that annexures-I & II accompanying the returns filed by the selling dealers do not correspond to the e-return filed by the petitioner for the month of April, 2015. However, admittedly, the details of the mismatch have not been provided to the petitioner and the petitioner has also not been heard. 4. As regards issues relating to mismatch, the Principal ....

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....r due enquiry, the Original Assessing Authority finds that the sing has effected the transaction shall make a request to Other End Assessing Authority through email (zimbra mail) marking copy to concerned DC and JC and seek for the requisite details of verification. If on enquiry Original Assessing Authority is of the view buyer has made bogus claim / wrong claim, by being involved in bill trading by producing bogus invoice, etc., the buyer shall be assessed to tax/reversal of ITC, as the case may be, then the Original Assessing Authority shall pass appropriate orders in accordance with provisions of the TNVAT Act, 2006. 3.3.4 The Other End Assessing Authority shall verify the details provided to him / her with reference to the man....