https://www.taxtmi.com/article/detailed?id=12777 Challenge concerned reversal of Input Tax Credit where revenue treated supplier-issued financial credit notes and discounts as requiring ITC reversal; petitioner argued credits were financial and discount exclusion applied only if prescribed conditions were met. The court treated the issue as a legal question under Article 226, held alternative statutory remedy was not an absolute bar to judicial review, and directed the original authority to reconsider defect No.3 after giving the taxpayer a reasonable hearing. en-us Mon, 08 Jul 2024 17:46:28 +0530 Mon, 08 Jul 2024 17:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12777 Challenge concerned reversal of Input Tax Credit where revenue treated supplier-issued financial credit notes and discounts as requiring ITC reversal; petitioner argued credits were financial and discount exclusion applied only if prescribed conditions were met. The court treated the issue as a legal question under Article 226, held alternative statutory remedy was not an absolute bar to judicial review, and directed the original authority to reconsider defect No.3 after giving the taxpayer a reasonable hearing. Articles Goods and Services Tax - GST Mon, 08 Jul 2024 17:46:28 +0530 https://www.taxtmi.com/article/detailed?id=12777