2023 (10) TMI 478

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..... ven if he is required to file an appeal, he is to deposit only 10% of the penalty amount assessed. Hence, in this backdrop, the account of the petitioner cannot be blocked beyond 10% of the penalty amount assessed. The present writ petition is allowed and orders dated 10.08.2023 and 25.08.2023 (Annexures P-3 and P-4) are being set aside and the account of the petitioner be unblocked forthwith afte .....

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..... ndent No. 2 has blocked the Input Tax Credit of the petitioner. 3. Learned counsel for the State, Ms. Anu Pal, Senior Deputy Advocate General, Punjab informs that after passing orders dated 10.08.2023 (Annexure P-3) and 25.08.2023 (Annexure P-4), show cause notices both dated 25.09.2023 (Annexures P-5 and P-6) have now been issued and the matter is now pending before the adjudicating authority. As .....

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..... ncellation of registration. 5. The main prayer of the petitioner is to quash orders dated 10.08.2023 (Annexure P-3) and 25.08.2023 (Annexure P-4) whereby respondent No. 2 has blocked Input Tax Credit amounting to Rs. 55,89,654/- and Rs. 56,18,263/- respectively. The petitioner has remedy of filing an appeal after the adjudicating order is passed and even if he is required to file an appeal, he is .....

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