No ITC to purchasing dealer Without Proof of Genuine Transactions: SC

Additional Commissioner of Commercial Taxes Vs Shankara Infrastructure Materials Ltd. (Supreme Court of India) The Hon’ble Supreme Court in the case of The Additional Commissioner of Commercial Taxes v. M/s Shankara Infrastructure Materials Ltd. [arising out of SLP (Civil) No. 5504 of 2022 dated October 14, 2024] granted leave and allowed appeal, wherein M/s. Shankara Infrastructure Materials Ltd. (“the Respondent”) was duly served notice, however, no appearance was made before the officer. Further, on July 19, 2024, the case was last listed. The Additional Commissioner of Commercial Tax...