https://www.taxtmi.com/highlights?id=73462 Validity of reversal of Input Tax Credit (ITC) during investigation / search proceedings - In the present case, the petitioner has stoutly disputed that the reversal of ITC was voluntary. Undisputedly, the same has been made while the petitioner’s premises were being searched and he was being subjected to questioning / enquiries - it is not difficult to accept that the petitioner may have found the circumstances intimidating and had, accordingly, agreed to reverse the ITC. - Authorities directed to reverse the reversal - HC en-us Thu, 07 Dec 2023 15:20:46 +0530 Thu, 07 Dec 2023 15:51:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73462 Validity of reversal of Input Tax Credit (ITC) during investigation / search proceedings - In the present case, the petitioner has stoutly disputed that the reversal of ITC was voluntary. Undisputedly, the same has been made while the petitioner’s premises were being searched and he was being subjected to questioning / enquiries - it is not difficult to accept that the petitioner may have found the circumstances intimidating and had, accordingly, agreed to reverse the ITC. - Authorities directed to reverse the reversal - HC Highlights GST Thu, 07 Dec 2023 15:20:46 +0530 https://www.taxtmi.com/highlights?id=73462