AdvertisementP. I. Polymers Vs Commerical Tax Officer (Madras High Court) The Madras High Court considered two intra-court appeals filed by an assessee challenging reassessment orders dated 13.11.2015 passed by the Commercial Tax Officer for the assessment years 2012-13 and 2013-14. The dispute concerned the assessee’s claim of Input Tax Credit (ITC) under Section 19 of the Tamil Nadu Value Added Tax Act, 2006 (TNVAT Act) on the tax paid while purchasing Duty Entitlement Passbook (DEPB) licences. The assessee had purchased DEPB licences and utilised them for importing plastic granules. It claimed tha...