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2019 (8) TMI 668 - HC - VAT and Sales TaxImposition of penalty of over ₹ 11.05 lakhs - Section 27(1) of TNVAT Act - attachment of bank account of petitioner - HELD THAT:- This Court is of the considered view that in the light of the undisputed position as it unfurls in the hearing today, without expressing any view on the merits of the matter, writ petition can be disposed of by passing an order whereby the assessee gets a breather and the interest of Revenue is also protected. It is not in dispute that with regard to penalty liability of little over ₹ 11.05 lakhs of G.Jayabal i.e., ₹ 11,05,037/- to be precise, a sum of ₹ 1,51,038/- has already been debited from the bank account of the writ petitioner Company and the same has been paid out to the Department. In addition to this, the writ petitioner Company will now pay 25% of the penalty amount of ₹ 11,05,037/- to the first respondent - For the balance after giving credit to the aforesaid ₹ 1,51,038/- and 25%, a personal bond shall be provided by the deponent of the aforesaid affidavit filed in support of the instant writ petition. On the aforesaid payment being made and a bond being furnished in appropriate format as required by the Department, the impugned attachment order will stand raised. - petition disposed off.
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