HC Grants Opportunity to claim Transitional Credit with 10% Payment of Disputed Tax Demand

Tvl. AP Foundries Private Limited Vs Assistant Commissioner (ST)(FAC) (Madras High Court) In a recent legal battle, Tvl. AP Foundries Private Limited took on the Assistant Commissioner regarding transitional credit entitlement. The Madras High Court intervened, offering the petitioner a chance to challenge the tax demand by meeting a condition of paying 10% of the disputed amount. The crux of the matter dates back to an order issued on 25th April 2023, contested through a writ petition. Tvl. AP Foundries Pvt Ltd, a registered dealer under the Tamil Nadu Value Added Tax Act, 2006, had previousl...