HC: No interest on delayed payment of tax qua ITC, disposes writ

Madras HC directs assessee to pay admitted liability without interest, finds that Revenue failed to respond to the assessee’s query on liability to pay interest qua ITC; Observes that communication from the office of Superintendent of Central Tax does not spell out the basis on which the demand has been brought down from little over Rs.1.70 crores to Rs.1.09 Crores; Leaves open the question as to whether Megha Engineering & Infrastructure Ltd. case would apply to i...