2021 (10) TMI 1063 - HC - GST

Artificial Increase in Valuation or not - express provisions not followed - HELD THAT - Matter requires consideration. Learned Standing Counsel has accepted notice on behalf of all respondents. He prays for and is granted four weeks time to file counter affidavit. Petitioners shall have two weeks thereafter to file rejoinder affidavit - List thereafter.

Summary

The Allahabad High Court heard a case where the petitioners challenged the artificial increase in valuation of goods by revenue authorities without following the law. The petitioners offered to deposit tax and penalty. The court granted time for filing counter affidavit and allowed release of goods upon depositing the amount under Section 129(1)(a) of U.P. GST Act, 2017.