TNVAT: Disallowance of ITC due to mismatch to be dealt as per Circular No. 5 of 2021

CBC Fashions (Asia) Private Limited Vs The Assistant Commissioner (Madras High Court) Madras High Court directed to deal with the matter of disallowance of ITC on account of mismatch between returns filed by the petitioners and returns filed by purchasing/ selling third party dealers as per Circular No. 5 of 2021 dated 24.02.2021 Facts- the issue arising in these matters relates to (i) the disallowance of Input Tax Credit (ITC) arising out of the alleged mismatch between the returns filed by the petitioners when compared with the returns and annexures filed by the purchasing / selling third pa...