https://www.taxtmi.com/caselaws?id=755985 The Allahabad HC quashed orders initiating proceedings under section 130 read with section 122 of the UPGST Act after excess stock was found during survey. The Court held that following the precedent in M/S METENERE LTD. VERSUS UNION OF INDIA, proceedings under section 130 cannot be initiated even when excess stock is discovered. Instead, the proper officer must determine tax liability under section 35(6) following section 74 procedures. The Court ruled that sections 73-74 of the UPGST Act apply in such cases, not section 130. All impugned orders were quashed and petitions allowed. en-us Fri, 19 Jul 2024 00:00:00 +0530 Mon, 05 May 2025 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755985 The Allahabad HC quashed orders initiating proceedings under section 130 read with section 122 of the UPGST Act after excess stock was found during survey. The Court held that following the precedent in M/S METENERE LTD. VERSUS UNION OF INDIA, proceedings under section 130 cannot be initiated even when excess stock is discovered. Instead, the proper officer must determine tax liability under section 35(6) following section 74 procedures. The Court ruled that sections 73-74 of the UPGST Act apply in such cases, not section 130. All impugned orders were quashed and petitions allowed. Case-Laws GST Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755985