M/s.Raka Traders v. The Commissioner of Cgst and Central Excise

What is this about?

Writ petition challenging an Order-in-Appeal confirming interest demand of Rs.1,24,45,801/- and penalty of Rs.9,06,34,925/- was withdrawn by the petitioner to avail waiver of interest and penalty under newly inserted Section 128A vide the Finance (No.2) Bill, 2024. The Court recorded the withdrawal and dismissed the petition as withdrawn with no order as to costs.