Home Case Index All Cases VAT and Sales Tax VAT and Sales Tax + HC VAT and Sales Tax - 2016 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (8) TMI 136 - HC - VAT and Sales TaxWaiver of pre-deposit - Input tax credit - AO arrived at a conclusion that though the petitioner had not entered into the sales and purchases transactions, the tax was collected illegally. - The case of the petitioner is that though the outstanding tax liability as per the reassessment order had already been paid, still however the first appellate authority directed the petitioner to deposit an amount of ₹ 1 crore which, according to the authority, amount to equal to undisputed liability of the petitioner. - Held that:- it appears to this Court that ultimately the orders impugned reflect the payment of total demand of tax and interest which comes to ₹ 39,38,927/- and ₹ 35,45,034/- totaling around approximately ₹ 75 lacs. Therefore, keeping all the rights open of the petitioner, if the petitioner has already paid an amount of ₹ 49,66,903/-, we deem it proper to direct the petitioner to pay the balance amount. Meaning thereby an amount (-) ₹ 49,66,903/-, so that ultimately total amount of ₹ 75 lacs be paid by the petitioner by way of pre-deposit. - stay granted partly.
|