HC: Directs Revenue to accept Assessee’s TRAN-1, give ITC of over Rs. 10 lakh

Bombay HC directs Revenue to accept TRAN-1 filed by Assessee and to give due credit to the ITC of Rs.10,11,913 in the electronic credit ledger; Notes that the Assessee, Private limited company, is engaged in the business of construction and development of real estate for the purpose of sale to prospective buyers and is registered as a dealer under the provisions of the Maharashtra Value Added Tax Act, 2002; Observes that Assessee was aggrieved by the inaction on Revenue’s p...