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2016 (5) TMI 1236 - HC - VAT and Sales TaxRe-assessment proceedings - Imposition of tax - Period prior to 2013 - Period after 2013, petitioner himself started paying tax - claiming exemption from tax on sales effected under SEZ policy announced by the State of M.P. - Held that:- by considering the law laid down by the Apex Court in the case of Assistant Collector of Central Excise, Chandan Nagar Vs. Dunlop India Ltd. and others [1984 (11) TMI 63 - SUPREME Court], as the huge amount of more than ₹ 98.18 crores is dues against the petitioner, the petitioner is directed to pay 10 % of the total amount within a period of four weeks from today and furnish Bank Guarantee for the remaining dues within a period of six weeks from today. - Stay granted partly.
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