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2014 (7) TMI 1149 - HC - VAT and Sales TaxDemand of outstanding tax due - whether the petitioner should deposit 30% of the tax dues before the appellate authority in terms of Section 62 (1)(4)(c)(i) of the Act - Held that:- Even 30% of the tax to be deposited would be around ₹ 10 crores and odd, which indeed is a greater amount. The petitioner i s a public sector undertaking and is in a comfortable and good financial condition. In that view of the matter, 70% of the dues need not be deposited before the appellate authority and instead of waiving deposit of 30% of the tax amount before the appellate authority, the petitioner is directed to give a bank guarantee to the satisfaction of the appellate authority on or before 01.08.2014. If such a bank guarantee is given by t he petitioner, the appellate authority to consider the case of the petitioner on merits and dispose it in accordance with law. - petitioner also undertake to pay the entire tax dues with interest in accordance with provisions of the Act within a period of one month from the date of the order of the appellate authority in case it is unsuccessful before that authority. This undertaking is of course is subject to any further orders that to be made by any other authority - Petition disposed of.
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