VAT ITC rejected on basis of Web Report: Madras HC sets aside order Citing Non-Compliance of TN VAT Circular

The Madras High Court set aside an order rejecting VAT Input Tax Credit (ITC) based on a web report, citing non-compliance with a Tamil Nadu VAT circular. The court found that the tax authorities had not followed proper procedures as outlined in the circular, resulting in an unjust rejection of ITC claims. The decision highlights the importance of following due process in tax assessments and ensuring compliance with circulars and guidelines.