Case LawCivil Appeal No. of 2024 (Arising Out of SLP (Civil) No. 5504 of 2022)
Additional Commissioner of Commercial Taxes Vs Shankara Infrastructure Materials Ltd
- Court:
- Supreme Court
- Date:
- October 13, 2024
- Type:
- Civil Appeal
Subject
No ITC to buyer without proof of genuine transactions
Input Tax Credit
Summary
In the case "The Additional Commissioner of Commercial Taxes v. M/s Shankara Infrastructure Materials Ltd.", the Hon’ble Supreme Court dealt with an appeal where M/s. Shankara Infrastructure Materials Ltd. was served notice but did no…
Judgement
1. Leave granted. 2. Heard Mr. V. N. Raghupathy, learned counsel appearing for the appellant. 3. The notice on the respondent (assessee) was duly served but as can be seen from the office report, none has entered appearance on their behalf. 4. On 19.07.2024, when this case was last listed, Mr. Raghupathy appearing on behalf of the Revenue had submitted that the present case is squarely covered by…