The Power to Rectify versus Power to review of assessment order: Tax Assessments
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....ted 29.09.2023, which relates to a rectification made by the 1st respondent. * Background: The assessment proceedings were completed earlier through Exhibit P-1 order. In this assessment, the petitioner was found to have claimed excess input tax credit amounting to Rs.2,74,570/-, with equal amounts for CGST and SGST. As a result, the petitioner was directed to pay this amount, along with inter....
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.... in this judgment, concluded that the writ petition lacks merit and dismissed it. However, the petitioner is given the option to file an appeal before the appellate authority challenging both Exhibit P-1 and Exhibit P-5 orders, and it will be considered expeditiously in accordance with the law. The implication and impact of this judgment suggest that the petitioner's challenge to the assessme....
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