-Section 50- Once it is proved that amount of excess ITC though entered in the ledger in excess, was never utilized and since it was reversed prior to utilizing, demand of interest as well as penalty was not at all tenable
-Section 140-Transitional credit can only be disallowed because of non-conformity with condition stipulated in Section 140(3) and not because of considerations which were the subject matter of assessment under JVAT Act
-Section 74- Order passed by the same officer who carried out search and seizure at petitioner’s premises set aside
