ITC Cannot Be Denied Solely for Absence of Lorry Receipts & Weighment Slips: Madras HC

Akal Trade Links Vs Assistant Commissioner (ST) (Madras High Court) ITC Denial for want of LR /Weighment Slips Unsustainable Where Supplier has paid Tax– Madras HC in Akal Trade Links (A New Shield for Taxpayers) The Madras High Court held that Input Tax Credit (ITC) cannot be denied merely because the recipient failed to produce lorry receipts or weighment slips when other substantive evidence supports the genuineness of the transaction. In the case concerning AY 2018-19, the Department denied ITC alleging that the petitioner had not proved actual movement of goods purchased from a register...