HC: Directs authorities to take decision regarding inadmissible ITC

Patna HC directs the authorities to examine the order holding ITC to the tune of Rs. 55 lacs (approx.) as inadmissible and thereby levying an interest without there being any shortfall in payment of tax/cess; Relying on the directions issued in case of Commercial Steel Engineering Corporation directs the authority to take a decision within a period of 4 weeks; Records Revenue’s statement that if the Petitioner fails to approach the authority within prescribed time, it shall...