Interest on wrongly claimed ITC

Refer Madras High Court decision in Aathi Hotel v. Assistant Commissioner, 2022-VIL-72-MAD.

There is a retrospective amendment in finance bill 2022 for section 50(3) 

Finance Bill, 2022 has proposed to substitute new sub-section 50(3) retrospectively, with effect from the 1st July, 2017, so as to provide for levy of interest on input tax credit wrongly availed and utilized, and to provide for prescribing manner of calculation of interest in such cases
 

Refer Clause 110 in Finance Bill 2022