https://www.taxtmi.com/caselaws?id=236045 Adjustment of excess input tax credit against a later return period was required to be reconsidered where refund applications had been filed and the revenue had itself adjusted excess payments in other cases. On those facts, the Court found no basis for insisting on immediate liability with interest and penalty without further examination. However, it expressly left open the scope and effect of Section 11(6) and did not decide the substantive statutory controversy on merits. The assessing authority was directed to reconsider the objections raised in response to the notice and pass fresh orders in accordance with law. en-us Thu, 12 Apr 2012 00:00:00 +0530 Mon, 12 Aug 2013 09:03:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236045 Adjustment of excess input tax credit against a later return period was required to be reconsidered where refund applications had been filed and the revenue had itself adjusted excess payments in other cases. On those facts, the Court found no basis for insisting on immediate liability with interest and penalty without further examination. However, it expressly left open the scope and effect of Section 11(6) and did not decide the substantive statutory controversy on merits. The assessing authority was directed to reconsider the objections raised in response to the notice and pass fresh orders in accordance with law. Case-Laws VAT and Sales Tax Thu, 12 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236045