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2014 (9) TMI 850 - HC - VAT and Sales TaxTamil Nadu Value Added Tax Act, 2006 - Section 22(2) & 27 - Security Bond - penalty - bank guarantee - Whether when the assessee is unable to comply with the condition to furnish security bond for the balance of tax and penalty, it can be allowed to execute a personal bond as an alternate remedy - Held that:- Following decision of previous precedents petitioner is directed to execute a personal bond for the balance of tax and entire penalty of ₹ 1,24,099/- within a period of two weeks from the date of receipt of a copy of this order. Upon the petitioner furnishing the personal bond as aforesaid, the impugned order shall stand modified entitling the petitioner to interim order of stay of collection of tax pending disposal of the statutory appeal - Decided conditionally in favour of assessee.
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