2013 (9) TMI 1067 - HC - Central Excise

Summary

Issues involved: Challenge to demand notice u/s 72 of Finance Act, 2011 without constitution of Committee for compliance verification.

Summary:
The petitioner challenged a demand notice of Rs. 4,16,48,004/- issued without constituting a Committee to verify compliance with notifications u/s 72 of the Finance Act, 2011. In a previous order, it was directed that an Investment Appraisal Committee should meet to decide on investments made by the assessee by 31st October, 2013. The current petition was filed in line with this directive. No recovery pursuant to the demand notice was allowed due to the pending Committee decision. The registry was instructed to provide a copy of the order to the respective counsels.