Court Rules Rule 8(3A) Unconstitutional: Disproportionate Penalties for Minor Tax Defaults Violate Fairness in Tax System.

Constitutional validity of Rule 8(3A) of the 2002 Rules - the unamended Rule 8(3A) of 2002 Rules whereby the benefit of CENVAT Credit for all the period till the actual payment was made, stands disallowed in the event of a minor default also is arbitrary and unreasonable. - HC .....

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