TMI BlogRefund claim on account of Input Tax Credit accumulated due to Inverted Tax Structure - petitioner...Refund claim on account of Input Tax Credit accumulated due to Inverted Tax Structure - petitioner failed to submit the books and, as such, the amount of refund to be sanctioned could not be determined without proper verification of books of account - As per the revenue, only a small portion is disputed and is to be adjudicated - Revenue directed to release / refund the balance amount as per law - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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