The amount credited under sub-rule (3) of rule 117 may be verified and [1][proceedings under section 73 or section 74 or section 74A, as the case may be] shall be initiated in respect of any credit wrongly availed, whether wholly or partly.

[1] Substituted vide Notification No. 20/2024 - CT dated 08.10.2024, w.e.f. 01-11-2024. Prior to its substitution, it was read as: - “proceedings under section 73 or, as the case may be, section 74”