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2015 (4) TMI 656 - HC - VAT and Sales TaxDelayed payment of interest on the pre-deposit - Held that:- DVAT had required the appellant to make a payment of ₹ 2.61 crores as pre-condition to the hearing of his appeal. The appellant could not, however, comply with the direction but did so about three years later. In these circumstances, by the impugned order Tribunal directed it to pay 15% interest for the intervening period. Section 76(4) primarily empowers the Tribunal to make appropriate orders for waiver of either the full or part pre-deposit. Although this power includes the power to make other directions, the present direction to pay interest 15% per annum on belated payment of deposit has acted as a further barrier and caused hardship. - ribunal’s order is hereby modified. Instead of direction to pay 15% interest for belated payment, the appellant is hereby directed to deposit ₹ 10 lacs - Decided partly in favour of assessee.
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