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2019 (7) TMI 1288 - PUNJAB AND HARYANA HIGH COURTWaiver of pre-deposit - excess Input Tax Credit on Purchase Tax - reassessment order (A-2) was challenged on the ground that it was without jurisdiction as the basis for amendment of assessment does not fall under the purview of re-assessment as provided under Section 29(7) of the Punjab VAT Act - HELD THAT:- The issue involved in this appeal stands settled by a Division Bench of this Court M/s Punjab State Civil Supplies Corporation, Amritsar v State of Punjab and another [2019 (6) TMI 492 - PUNJAB AND HARYANA HIGH COURT] wherein it was held that as per Section 62 (5) of the Punjab VAT Act, 2005, 25% of the tax amount has to be deposited for entertaining an appeal and that the First Appellate Authority has a power to waive off the precondition in “appropriate cases”. The condition of deposit of 25% of the tax amount was held to be reasonable and justified. No further adjudication in the matter is required - Appeal dismissed.
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