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2021 (5) TMI 369 - MADRAS HIGH COURTCondition in regard to the furnishing of bank guarantee for the balance of the disputed tax and penalty - direction to furnish personal bond instead of bank guarantee - HELD THAT:- The petitioner has remitted 50% of the disputed tax, the petitioner is permitted to furnish a personal bond in respect of the balance of tax and penalty, to the tune of ₹ 2,34,351/- within a period of four (4) weeks from today. Subject to the furnishing of personal bond by the petitioner, there shall be an order of stay of balance of the disputed tax and penalty till the disposal of the appeal by the first appellate authority. It is made clear that impugned order dated 22.03.2021 stands modified to this limited extent alone. Petition disposed off.
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