HC allowed the petition challenging Exhibit-P1 and Exhibit-P2...

HC allowed the petition challenging Exhibit-P1 and Exhibit-P2 orders related to ITC disallowance. Relying on the precedent in Rejimon Padickapparambil Alex v. UOI, the court held that electronic credit ledger represents a tax fund with distinct compartments for CGST, IGST, and SGST. The impugned orders were set aside, directing the respondent to reconsider the matter in light of the established legal principles, effectively providing relief to the petitioner by mandating a comprehensive reevaluation of the original tax credit determination.