HC Judgement on Transitional Provision

🏛️ *Reliance Electric Works Vs. UOI, Delhi HC*🏛️

👉🏼Hon’ble Delhi High Court has held that *period of 90 days for claiming input tax credit in TRAN-1* is directory and therefore, *period of limitation of 3 years under the Limitation Act* would apply. 

🏛️The Court has directed the Department to allow all assessees to claim input tax credit in *TRAN-1 by 30.6.2020*. 

👍The direction would apply to all those *who could not file TRAN-1 and claim input tax credit*

🏛️The court has further directed that it should be advertised that all taxpayers who have not filed TRAN 1 can do so *by 30.6.2020*.

👁️ *The judgment has been made applicable to all irrespective of whether the taxpayer has approached the court or not.*