It is no question true that there’s no like procedure sent to below Code 86-A

It is no question true that there’s no like procedure sent to below Code 86-A

Clogging from credit-non communication off grounds-Electronic borrowing ledger banned u/r 86A-no grounds registered otherwise presented-Prices regarding pure fairness need to be adhered to while you are studying brand new said Rule-appellant must permitted to understand grounds and increase arguments accordingly-Therefore, respondent directed to speak factors written down for further commands

In advance of invoking the advantage around Laws 86-Good, the fresh new Power need to have reasons why you should believe that the financing out of input income tax available in the brand new digital borrowing ledger could have been fraudulently availed or the assessee is actually ineligible, due to some one of one’s contingencies in conditions (a) so you’re able to (d) away from Code 86-A(i). That apart, the new Rule contemplates that told you regulators need listing the fresh new reasons on paper rather than allowed to debit people count equivalent to help you such as for example borrowing on borrowing from the bank ledger. Continue reading “It is no question true that there’s no like procedure sent to below Code 86-A”