2024 (8) TMI 1253

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....R An order in original dated 19.12.2023 is challenged on the ground that the petitioner did not have a reasonable opportunity to contest the tax demand on merits. 2. The petitioner is a developer. It asserts that Input Tax Credit (ITC) accrued from financial year 2017-2018 until April 2022 in an aggregate sum of Rs.11,46,060/-. Since the petitioner did not have any outward supplies, it is stated....

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....for the respondent. He submits that the petitioner would be liable for belated reversal of ITC in May 2022. He also points out that sufficient opportunity was provided to the petitioner by way of show cause notice dated 04.09.2023 and by offering a personal hearing on 08.09.2023. 5. The petitioner has placed on record the electronic credit ledger, which shows reversal in May 2022. Such reversal i....