Case Law Details
Shree Shyama Traders Vs Assistant Commissioner (ST) (Madras High Court)
In a significant ruling that underscores the importance of procedural fairness in tax assessments, the Madras High Court has set aside an assessment order against Shree Shyama Traders, stemming from a dispute over Input Tax Credit (ITC) reversals and a consequential bank attachment order. This decision, dated back to the proceedings initiated in 2023, highlights the judiciary’s role in ensuring that taxpayers are given a fair chance to present their case before any adverse orders are passed against them.
Background of the Case
Shree Shyama Traders faced a challenging situation when it came to light that an assessment order issued on 11.08.2023, along with a subsequent bank attachment order dated 18.11.2023, was based on an alleged failure to respond to notices that the petitioner claimed never to have received. This lack of awareness prevented the petitioner from presenting its case effectively, particularly concerning the ITC availed from suppliers.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Author Bio
