Advent India PE Advisors Private Limited Vs Union Of India
Date: December 3, 2021
Subject Matter
Assessee is entitled to claim that the ITC ought to have been unblocked, immediately after one year of the restriction being imposed under rule 86A(1)
Summary
Having regard to the statutory mandate in sub-rule (3) of rule 86A, the petitioner is entitled to claim that the input tax credit ought to have been unblocked immediately after one year of the restriction being imposed under sub-rule (1) thereof. If…
1. The petitioner by presenting this writ petition dated August 27, 2021 seeks the following relief: – “a) this Hon’ble Court be pleased to Issue a writ of mandamus or a writ/direction in the nature of mandamus or any other appropriate writ, direction or order thereby directing the Respondent No. 2 to unblock the input tax credit of INR 1.17 Cr availed by the petitioner in its el…