HC: Issues notice to Revenue in respect of notice of rejection of refund application

Delhi HC issues notice to Revenue in respect of challenge raised to notice for rejection of refund application of Assessee dated December 5, 2019; Considers Assessee’s contention that the liability to pay interest u/s 50 of the CGST Act should be confined only to the net tax liability & and no interest is payable on the available ITC; Further, it is submitted that any attempt to levy interest on the tax component, which is already deposited with the Government...