Joint Commissioner of Commercial Taxes (Appeals) Vs Rajshreee Impex
Date: June 27, 2021
Subject Matter
Bona Fide Purchaser Entitled to ITC; Mere Non-Deposit by Selling Dealer Insufficient for Denial
Summary
The High Court has dismissed the Revenue's revision petition, thereby upholding the Tribunal's decision to allow Input Tax Credit (ITC). The Court ruled that ITC cannot be denied to a bona fide purchasing dealer merely because the selling dealer fail…
FULL TEXT OF THE JUDGMENT/ORDER OF KARNATAKA HIGH COURT This revision petition is filed by the Revenue challenging the order of the Karnataka Appellate Tribunal, Bengaluru (henceforth referred to as ‘the Tribunal’ for short) dated 19.09.2018 passed in S.T.A.No.895/2016. The respondent is a Proprietor and a dealer registered under the provisions of the Karnataka Value Added Tax Act, 2003 (hereinaft…