Hearing commences in writ challenging refund-denial on input-service under Rule 89(5) before Madras HC

Madras HC hears Petitioner’s arguments in writ challenging denial of refund of input service under inverted duty structure in terms of Rule 89(5); Petitioner interalia argues that (i) Rule 89(5) has travelled beyond 54(1) which provides for the power to only prescribe “form” and “manner” of refund and not ‘conditions’ and ‘restrictions’ thereto (ii) Said Rule is ultra vires Section 54(1) which defines the term “refund” as well as “any unutili...