No right to challenge search proceedings in case assessee availed benefit of restriction of penalty to 15%

Vijay Steelcon Private Limited Vs Principal Commissioner of Central Tax (Delhi High Court) Conclusion:  Where assessee availed the benefit of restriction of penalty to only 15% of tax and the seizure of cash was setting off against the outstanding balance amount of GST, interest and penalty, assessee had no right to challenge the concluded search proceedings. Held: Assessee inter alia filed a petition challenging the seizure of cash amounting to Rs.65 lakhs (Rupees Sixty Five Lakhs only) from the residential premises of the Director of assessee on 04.03.2021. Assessee further challenged the l...