Search Results for Tag : Excess credit
For erroneous credit availed, even if, not utilized, interest could be applicable for the normal period of limitation(19.01.2018)
In the facts of present case, the Appellant had wrongly taken excess credit of Rs. 9,97,32,292 during the period September 2008 to January 2009 on imp.....
Tags : Excess credit, Interest, Payment
Madras HC:Recovery Can Only be Started Once Amount of Excess Credit Has Been Quantified in Assessment(12.06.2019)
Madras High Court has observed that power to punish would stand triggered only once it is established that an Assessee has ‘committed’ an offence.
Tags : Madras HC, Excess Credit