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of <h1>Supreme Court Rejects Special Leave Petition, Finds No Grounds for Judicial Intervention Under Article 136</h1> <h3>Union of India & Ors. Versus Ascent Meditech Ltd. & Ors.</h3> SC dismissed SLP under Article 136, finding no merit in the petition. No counsel appeared for the respondent. The Court concluded that no case warranted ... Refund of unutilized input tax credit - refund application filed by the petitioner was rejected by the impugned order dated 24.08.2023 relying upon Circular dated 10.11.2022 on the ground that new formula can apply only to refund applications filed after 05.07.2022 - it was held by High Court that 'The impugned order dated 24.08.2023 is hereby quashed and set aside. The Circular No. 181/22 dated 10.11.2022 so far as it clarifies that the amendment is not clarificatory in nature is quashed and set aside and it is held that the Notification No. 14/2022 is applicable retrospectively as the amendment brought in Rule 89 (5) of the Rules is curative and clarificatory in nature and the same would be applicable retrospectively to the refund or rectification applications filed within two years as per the time period prescribed under section 54 (1) of the Act.' HELD THAT:- No case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petition is, accordingly, dismissed. The Supreme Court, through Hon'ble Justices Abhay S. Oka and Ujjal Bhuyan, heard the Special Leave Petition (SLP) under Article 136 of the Constitution of India. The learned Additional Solicitor General appeared for the petitioners, while no counsel appeared for the respondent. The Court held that 'no case for interference is made out' and accordingly dismissed the SLP. All pending applications were disposed of.
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