Madras HC hears challenge to Rule 89(5), posts matter today taking cognizance of VKC Footsteps decision

Madras HC (Division Bench) today hears challenge to the denial of refund on input services under inverted duty structure (IDS); Petitioner has challenged Rule 89(5) as being ultra Vires Section 54(3) and has also alternatively challenged the validity of Section 54(3) proviso on grounds of violation of equality principles; Taking cognizance of recent Gujarat HC decision in VKC Footsteps, the Bench has posted the matter at 3:30 PM today for commencement of final argum...