Madras HC Upholds ITC Reversal Order Under TN VAT Act

Commercial Tax Officer Vs Mudhra Fine Blanc Private Limited (Madras High Court) The Madras High Court recently addressed the issue of Input Tax Credit (ITC) reversal under Section 19(2)(v) of the Tamil Nadu Value Added Tax (TNVAT) Act, 2006. In Commercial Tax Officer v. Mudhra Fine Blanc Private Limited, the court dismissed a writ appeal filed by the Commercial Tax Officer, affirming a single judge’s decision to quash the assessment order against the company. The court’s ruling was based on the binding precedent set by a prior Division Bench decision in The State of Tamil Nadu v. M...