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    <title>2025 (2) TMI 876 - MADRAS HIGH COURT</title>
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    <description>The HC set aside the impugned order concerning the assessment year 2018-19, directing the petitioner to deposit 25% of the disputed taxes within a specified period. The petitioner was required to reverse the credit availed from invoices issued by Jaya Trading Company due to potential fraudulent transactions. The Court emphasized the petitioner&#039;s failure to respond to notices and attend hearings, underscoring the importance of compliance in tax investigations. The Court accepted the petitioner&#039;s offer to pay 25% of the disputed tax and allowed for further objections before the adjudicating authority, with non-compliance resulting in the restoration of the impugned order.</description>
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    <pubDate>Thu, 12 Dec 2024 00:00:00 +0530</pubDate>
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      <description>The HC set aside the impugned order concerning the assessment year 2018-19, directing the petitioner to deposit 25% of the disputed taxes within a specified period. The petitioner was required to reverse the credit availed from invoices issued by Jaya Trading Company due to potential fraudulent transactions. The Court emphasized the petitioner&#039;s failure to respond to notices and attend hearings, underscoring the importance of compliance in tax investigations. The Court accepted the petitioner&#039;s offer to pay 25% of the disputed tax and allowed for further objections before the adjudicating authority, with non-compliance resulting in the restoration of the impugned order.</description>
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