Deepak Sales Corporation Vs Union of India
Date: September 20, 2023
Subject Matter
Interest and penalty are not leviable on excess ITC reversed before utilization
Summary
The case involves a petitioner challenging the order passed by the Commissioner (Appeals) regarding the utilization of excess Input Tax Credit (ITC) and the imposition of penalties and interest. The petitioner, a trading concern, mistakenly claimed a…
FULL TEXT OF THE JUDGMENT/ORDER OF PUNJAB AND HARYANA HIGH COURT 1. The instant petition invoking the writ jurisdiction of this Court has been filed by the petitioner under Article 226 of the Constitution thereby challenging the order dated 29.04.2022 passed by the Commissioner (Appeals) i.e. respondent No.4 whereby the appeal filed by the petitioner challenging the order passed by respondent No.3…