ITC denial to buyer for supplier's default challenged before Calcutta HC; Notice issued

Calcutta HC issues notice in writ challenging denial of ITC to a buyer, for non-payment of tax charged by the supplier to the Government; Petitioner submits that denial of ITC to a buyer of goods and services would tantamount to treating both the ‘guilty’ and the ‘innocent’ purchasers at par whereas they constitute two different classes; While enumerating that the elimination of cascading tax effect is the objective of Constitution (122nd Amendment) Bill, 2014 and ref...