Credit Validity Upheld Despite TRAN-1 Filing Errors Twice

Sri Renga Timbers Vs Assistant Commissioner (ST) (FAC) (Madras High Court) In a recent judgment, the Madras High Court in M/s. Sri Renga Timbers v. The Assistant Commissioner (ST) (FAC) [W.P. No. 22854 of 2023 dated August 17, 2023] addressed the issue of whether credit could be denied to an assessee who had mistakenly filed the TRAN-1 returns twice. The case involved M/s. Sri Renga Timbers and the Assistant Commissioner (ST) (FAC). HC quashed the order passed by the Adjudicating Authority and held that the credit that was validly availed cannot be denied, even if there were mistakes in the TR...