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2015 (6) TMI 159 - HC - VAT and Sales TaxSecurity for the balance amount of taxes not paid - Held that:- Court in a similar occasion, while considering an identical circumstances, dealing with a similar impugned order, modified only the second condition to one of directing the petitioner to execute the personal bond instead of furnishing bank guarantee for the balance amount of tax and penalty. - as there has been an automatic charge created in view of Section 24(2) of the TNGST Act and Section 42 of the TNVAT Act read with Section 9 of the CST Act. The petitioner is directed to execute the personal bond within a period of two weeks from the date of receipt of a copy of this order. - Decided partly in favour of assessee.
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