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2012 (2) TMI 461 - RAJASTHAN HIGH COURTMethodology of payment of subsidy - Cash payment towards subsidy claimed - Held that:- When the appellants themselves have realised their liability for making payment of such subsidy and have indeed issued the orders releasing total arrears of subsidy at ₹ 116.79 crores, a part of this amount ought to be paid to the petitioner-company so as to balance the equities even when the other part could be left for adjustment in the future tax liability. In our opinion, it shall meet the ends of justice if we make a direction for payment of about 50 per cent of the said undisputed amount of ₹ 116.79 crores, i.e., ₹ 58.00 crores, while leaving the remaining ₹ 58.79 crores to be adjusted in the future tax liabilities in the ensuing quarters, of course, together with the future component of subsidy as would accrue from time to time.
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