Refund of inverted tax structure allowed based on order of earlier tax period

ITD Cemindia JV Vs Joint Commissioner of Commercial Taxes (Appeals )-5 (Karnataka High Court) Karnataka High Court allowed the writ petition and held that refund on account of inverted tax structure is allowable relying on the final order of earlier tax period. Thus, order rejecting refund is quashed and set aside. Facts- The present petition relates to the assessment year September-2019, December-2019, September-2020 and October-2020 in relation to which the petitioner sought for refund, which was rejected by the respondents by passing the impugned orders and confirmed by the First Appellate...