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It’s doubt true that there is no like procedure sent to below Rule 86-A

Wednesday, June 29th, 2022

It’s doubt true that there is no like procedure sent to below Rule 86-A

Clogging out-of borrowing from the bank-low correspondence out-of causes-Electronic credit ledger blocked u/r 86A-zero causes registered otherwise conveyed-Values out of absolute fairness need to be honored when you’re discovering the brand new told you Laws-appellant must allowed to discover factors and boost arguments accordingly-Ergo, respondent led to communicate reasons written down for additional requests

Just before invoking the benefit not as much as Rule 86-A great, the Expert must have reasons to accept that the credit out-of type in tax obtainable in this new digital credit ledger has been fraudulently availed and/or assessee is actually ineligible, due to anyone of your contingencies inside conditions (a) in order to (d) regarding Rule 86-A(i). That apart, the brand new Code contemplates the said regulators need record brand new factors on paper rather than permitted to debit any amount equivalent in order to particularly credit regarding the borrowing ledger. Regarding the absence any reason, which has been filed, brand new invocation of electricity under Code 86-An are kept as unauthorised, illegal and you will without jurisdiction. The power not as much as Code 86-An is invoked and you may causes were registered that requires are communicated into the assessee so as to allow the assessee to put forward their arguments . (more…)