No Interest or Penalty for Unutilized Excess Input Tax Credit Claim

Deepak Sales Corporation Vs Union of India (Punjab and Haryana High Court)

Introduction: The Punjab and Haryana High Court recently rendered a verdict in the case of Deepak Sales Corporation vs. Union of India. The central issue of the case revolved around whether a taxpayer could be liable for interest and penalties when excess input tax credit (ITC) was not utilized. This article provides an in-depth analysis of the court’s decision.

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