https://www.taxtmi.com/highlights?id=75690 Scope of SCN - Refund claim - Unutilised Input Tax Credit (ITC) - applicability of principle of res judicata - Adherence to the Accounting Standards or not - Specific goods have not been capitalised by the Petitioner in accordance with Accounting Standard 10. - The Court found merit in the Company's contention that the tax authorities' approach lacked consistency. It emphasized the importance of uniform treatment for similar factual and legal circumstances, highlighting that the arbitrary withholding of refunds for the disputed periods was unjustified. en-us Thu, 14 Mar 2024 07:44:05 +0530 Thu, 14 Mar 2024 07:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75690 Scope of SCN - Refund claim - Unutilised Input Tax Credit (ITC) - applicability of principle of res judicata - Adherence to the Accounting Standards or not - Specific goods have not been capitalised by the Petitioner in accordance with Accounting Standard 10. - The Court found merit in the Company's contention that the tax authorities' approach lacked consistency. It emphasized the importance of uniform treatment for similar factual and legal circumstances, highlighting that the arbitrary withholding of refunds for the disputed periods was unjustified. Highlights GST Thu, 14 Mar 2024 07:44:05 +0530 https://www.taxtmi.com/highlights?id=75690