2021 (12) TMI 1390

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..... (3) of the said Rule 86A in any case upon expiry of a period of one year from the date of imposition of restriction, the same would no longer survive - HELD THAT:- In view of the statement made by the Counsel for the respondents, it is not necessary to go into the question of continuing the restriction imposed on the petitioner enjoying the input tax credit in question. If this unblocking of the .....

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..... of the said provision. However the main thrust of the advocate for the petitioner at this stage was that in terms of sub-rule (3) of the said Rule 86A in any case upon expiry of a period of one year from the date of imposition of restriction, the same would no longer survive. In support of his contention in addition to relying upon sub-rule (3) of Rule 86A Counsel has also placed reliance on the .....

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