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2018 (12) TMI 1009 - HC - VAT and Sales TaxImposition of penalty - section 67(1) of the KVAT Act - assessment year 2009-2010 - Held that:- Indeed, the proviso is unambiguous, and it only insists that the appellant should remit 20 per cent. of the disputed tax to have the further proceedings stayed till the disposal of the appeal. There is no room for the authorities to insist that the petitioner, in addition, should provide any security-be it a solvency certificate or a simple bond. Under those circumstances, the demand cannot be sustained. Petition disposed off.
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