Duty scrip treated as Turnover without opportunity to petitioner: HC directs fresh order

Larsen & Toubro Limited Vs Assistant Commissioner (ST)(FAC) (Madras High Court) In a significant ruling, the Madras High Court has directed a fresh order concerning the treatment of duty scrip as turnover, following Larsen & Toubro Limited’s dispute with the Assistant Commissioner. An order dated 30.12.2023, pertaining to the assessment period 2017-18, is challenged in W.P. No.8559 of 2024. Another order rejecting the rectification petition is challenged in W.P.No.8607 of 2024. After the issuance of intimation dated 30.06.2023, a show cause notice was issued on 30.09.2023, respon...