M/S KARNATAKA STATE INDUSTRIAL AND INFRASTRUCTURE DEVELOPMENT CORPORATION LTD vs. THE DEPUTY COMMISSIONER OF INCOME TAX
The appeal is allowed and the impugned
ITA/11/2021HC Karnataka05 Feb 2021
Bench: SATISH CHANDRA SHARMA,V SRISHANANDA
Section 36(1)Section 39(1)Section 66(1)Section 70
Reassessing Officer [the Prescribed Authority] has
refused the ITC on both these grounds.
4.
On the ITC claimed by the appellant for
the supplies by the Supplying Dealer, the Prescribed
Authority has recorded that in the absence of
evidence to show that the Supplying Dealer has
remitted the tax collected from it, the appellant will
not be entitled
