Penalty on ITC on bogus tax invoices: HC set-aside order passed

Hind Aluminium Company Vs Assistant Commissioner (ST) (Madras High Court) Penalty for claiming input tax credit based on bogus tax invoices / debit notes – On a prima facie consideration, the show cause notice sent to the petitioner by the respondents is also bald and cryptic and the exact details of the violations committed by the petitioner have not been disclosed in the said show cause notice. The show cause notice has simply extracted the ingredients of Section 74 of the Act but the same does not disclose the details of the violations committed by the petitioner. For the foregoing r...