Assessment Order liable to be set aside if Taxpayer’s Reply Was Ignored

Monika Alloys India Private Limited Vs State Tax Officer (Madras High Court) The Madras High Court recently addressed a dispute involving Monika Alloys India Private Limited concerning the wrongful availment of Input Tax Credit (ITC). The petitioner contested an order dated December 26, 2023, claiming that their reply to a show cause notice dated September 19, 2023, was ignored. The petitioner had responded to the notice on October 10, 2023, indicating that transitional VAT credit was claimed via Form TRAN-1. Despite this, the impugned order inaccurately stated that no objections or evidence h...