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Informative

Madras HC remands ITC denial matters u/s 16(4) of GST Act to AO, Orders Fresh Review under Finance Act 2024

Update / Judgement Date

09 Sept 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderGST

The Madras High Court remanded cases related to Input Tax Credit (ITC) denial under Section 164 of the GST Act back to the Assessing Officer (AO) for a fresh review under the Finance Act 2024. The court ruled that the earlier decisions were flawed, as they failed to incorporate changes introduced in the new Finance Act. This judgment reinforces the importance of aligning GST assessments with the most up-to-date legal provisions.