Summary
In Treco Wire India Pvt. Ltd., an order confirmed an ITC demand of about Rs 3.34 crore with equal penalty under section 74. The Court held that simply repeating allegations of fraud or suppression is not enough; the order must identify the suppliers, transactions and facts behind them.
What it means for you
Businesses facing section 74 fake-ITC demands can challenge orders that lack specific factual particulars.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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