2009 (9) TMI 1071

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....1. Heard the learned counsel for the petitioner and the learned Special Standing Counsel for the Commercial Taxes. The petitioner company is a registered dealer under the A.P. VAT Act, 2005 (for short "the Act") and the CST Act, 1956 as well. The respondent issued two notices of assessment dated 12.05.2009 under Rule 25 of the A.P. VAT Rules, 2005; the first notice covering the period fr....

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....ssessment would be proceeded with as proposed. 2. Eventually by the order impugned dated 26-05-2009 of the respondent, the assessment was made as proposed and on the basis of the Enforcement report recording that input tax credit claimed by the petitioner was in excess in what the petitioner is eligible, due to non or improper application of the formula prescribed i.e., A X B/C as the petitioner ....