Section 140 of the CGST Act, 2017  — Transitional Credit –-- The Counsel for the petitioner submitted that the Assessing Officer issued a notice on 29.04.2021 under Section 73 raising a demand of Rs.1,08,53,934/-, wherein no reasons have been indicated. The petitioner filed a detailed reply on 21.05.2021 and pointed out that the Trans-I credit was correctly given after verification of relevant facts.

Held that:- The Hon’ble High Court issued Notice, returnable on 23.11.2021. By way of ad-interim relief, the respondents are prevented from carrying out cohesive recovery pursuant to the impugned order.