Rajshi Processors V/S State of U.P. {HIGH COURT OF ALLAHABAD}

Rajshi Processors V/S State of U.P. {HIGH COURT OF ALLAHABAD} :Date of Order : 14-05-2024simplified explanation of the High Court of Allahabad’s ruling in Rajshi Processors v. State of U.P. regarding denial of Input Tax Credit (ITC) due to bogus inward supplies:Background: Rajshi Processors filed a writ petition challenging the orders of revenue authorities that denied them Input Tax Credit (ITC) claimed on invoices from three supplier firms. Upon investigation, the revenue authorities found that these supplier firms were non-existent and their...

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