High Court Dismisses Petition: ITC Denied for Lack of Proof of Goods Receipt and Physical Movement Under Apex Court Rules.

Input Tax Credit denied - availment and utilisation of ITC by the petitioner against invoices issued without actual receipt of goods - According to the dictum of the Apex Court, the purchasing dealer, over and above the invoices and the particulars of payments, has to produce further material like the name and address of the selling dealer, details of the vehicles which has delivered the goods, payment of fright charges, acknowledgement of taking delivery of goods including actual physical movement of the goods, alleged to have been purchased from the concerned dealers. - Petition dismissed for want of alternative remedy - HC .....

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