Interest on Wrongful Input Tax Credit is mandatory where excess transitional credit was retained and later reversed, and related objections were rejec...
HC declined to entertain the Revenue's departmental appeal because the amount involved fell below the monetary threshold prescribed in the circular dated 06.08.2024. The Court also found that the Tribunal's order did not raise any substantial question of law on merits. On both grounds, the appeal was dismissed, along with the connected application.
HC declined to entertain the Revenue's departmental appeal because the amount involved fell below the monetary threshold prescribed in the circular dated 06.08.2024. The Court also found that the Tribunal's order did not raise any substantial question of law on merits. On both grounds, the appeal was dismissed, along with the connected application.
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