2020 (3) TMI 355

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..... ited the cash element with the tax in due course - HELD THAT:- The petitioner had tendered in Court a print out of the electronic cash ledger for the period 01.07.2017 to 31.03.2019 in support of his submission that the cash element of tax has also been paid in due course. Copy of the same will be provided to counsel for the respondents. She seeks time to take instructions in this regard. List .....

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..... rest on ITC and liability of ₹ 42,71,526.581/- towards interest on cash, totalling to ₹ 50,85,586.35/- for the financial year 2017-18. 4. Learned counsel for the petitioner submits that, firstly, interest on ITC could not be levied since the amount of ITC already stands credited to the account of respondents. He further submits that interest on cash has also been incorrectly levied, .....

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