Hearing continues on Day 2 before Madras HC in writ challenging refund-denial on input-service under Rule 89(5)

Madras HC continues hearing on Day 2, Counsel for Petitioner concludes arguments; Petitioner casts a distinction between Section 54(1) & other Sections stating that while former limits the power of the Central Government to prescribe the “form” and “manner”, latter enables the Rule making authority to prescribe substantive conditions; Accordingly, it is contended that Section 54(1) does not permit a rule to be made prescribing conditions or restrictions, hence, Ru...