Under-pricing of goods/colourful transactions - In the absence ...

Case Laws     VAT and Sales Tax

March 2, 2023

Under-pricing of goods/colourful transactions - In the absence of tangible materials to support such a finding, it is difficult to assume that a purchaser of petitioner would purchase minerals at a lesser price under an invoice in order to evade payment of tax especially when the said purchaser is entitled to avail ITC under the JVAT Act, 2005. - HC

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