Sri Subramanian Industries ITC Remand Granted

The Court adopts a calibrated approach in a disputed ITC case involving allegations of bill trading. While reaffirming that the burden of proof lies on the assessee, it recognizes that substantive claims cannot be shut out solely due to earlier non-production of documents. 

The ruling balances revenue protection with fairness by granting a fresh opportunity conditional upon a 25% deposit. It reinforces that adjudication under GST must remain evidence driven rather than assumption based.