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2011 (1) TMI 1256 - HC - VAT and Sales TaxWhether the Tribunal has already granted stay to the extent of 90 per cent, therefore, no further interference is called for? Held that:- Having regard to the facts that no assessment order has been passed and present is the case of penalty and considering the entire facts and circumstances and financial hardship, the order of the Tribunal requires little modification. As per order of the Tribunal, the applicant is required to deposit ₹ 29,45,129. In case if the applicant deposits ₹ 15 lacs within a period of one week, the recovery proceeding for the balance amount shall remain stayed till the disposal of appeal. The appellate authority is further directed to decide the appeal expeditiously preferably within a period of four weeks from the date of presentation of a certified copy of this order.
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