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of <h1>High Court Invalidates Orders Under UPGST Act Sec 130, Asserting Excess Stock Should Follow Sec 73 or 74 Procedures.</h1> The High Court quashed orders under Section 130, read with Section 122 of the UPGST Act, against a dealer in iron and steel, emphasizing that excess stock found during a survey should lead to proceedings under Sections 73 or 74, not Section 130. The Court referenced prior judgements, including M/s Metenere Ltd. and M/s Maa Mahamaya Alloys Pvt. Ltd., which clarified that tax determination on unaccounted goods must follow Sections 73 or 74 procedures. The Court supported the petitioner's argument and allowed the writ petitions, invalidating the authorities' orders.
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