2024 (5) TMI 259

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....amoorthy For the Petitioner : Mr. P. Rajkumar For the Respondent : Mrs. K. Vasanthamala, GA (T) ORDER An assessment order dated 29.12.2023 is assailed on the ground of breach of principles of natural justice. 2. The petitioner asserts that he carries on business with a thin margin. Consequently, it is asserted that the entire tax liability is subsumed in the available Input Tax Cred....

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....ct of genuine purchases. If provided an opportunity, he submits that the petitioner would placed all such documents before the assessing officer. By further pointing out that the entire ITC availed of by the petitioner was reversed and tax liability was imposed, on instructions, he submits that the petitioner agrees to remit Rs. 5,00,000/- as a condition for remand. 4. Mrs.K.Vasanthamala, learn....

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.... that proper bills and other documents are available. In these circumstances, it is just and appropriate that an opportunity be provided by the petitioner to contest the tax demand on merits albeit by putting the petitioner on terms. 6. Therefore, the impugned order dated 29.12.2023 is set aside on condition that the petitioner remits a sum of Rs. 5,00,000/- towards disputed tax liability as ag....