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    <title>2025 (11) TMI 352 - MADRAS HIGH COURT</title>
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    <description>HC partially stayed the blocking of the petitioner&#039;s electronic credit ledger, limiting relief to 50% of the tax liability of Rs. 23,75,480. Negative blocking remains for Rs. 37,05,811 (48,93,551 - 11,87,740) until filing the next monthly return and payment of tax. The petitioner may debit Rs. 11,87,740 from the blocked credit of Rs. 48,93,551 but must replenish the full blocked amount before the next tax due date. The negative blocking continues under the relevant order passed under Rule 86(2) or Rule 86A. Petition disposed.</description>
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    <pubDate>Fri, 17 Oct 2025 00:00:00 +0530</pubDate>
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      <title>2025 (11) TMI 352 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=780884</link>
      <description>HC partially stayed the blocking of the petitioner&#039;s electronic credit ledger, limiting relief to 50% of the tax liability of Rs. 23,75,480. Negative blocking remains for Rs. 37,05,811 (48,93,551 - 11,87,740) until filing the next monthly return and payment of tax. The petitioner may debit Rs. 11,87,740 from the blocked credit of Rs. 48,93,551 but must replenish the full blocked amount before the next tax due date. The negative blocking continues under the relevant order passed under Rule 86(2) or Rule 86A. Petition disposed.</description>
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