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2020 (9) TMI 346 - HC - VAT and Sales TaxPenalty Order - Stay, on condition that the petitioner furnished a simple bond to cover the disputed amount - limited prayer of the petitioner at this stage is for a direction to the respondents to accept the bond offered by him and to direct the Tribunal to dispose the appeal expeditiously - HELD THAT:- It is not in dispute that by Ext.P6 order, the petitioner was granted a stay against recovery proceedings pending disposal of the appeal. The only lapse on the part of the petitioner appears to have been the non-furnishing of the bond within the time stipulated by the Tribunal. It is not in dispute however that Ext.P7 bond was subsequently offered before the respondent authority, but the said authority refused to accept the bond since it was preferred beyond the time stipulated by the Tribunal. Inasmuch as there is no prejudice caused to the revenue by accepting the bond at this distance of time, the Writ Petition is disposed off with a direction to the respondents to accept Ext.P7 bond offered by the petitioner and to treat the same as in compliance with Ext.P6 order of the Tribunal - on furnishing the bond, the stay granted by the Tribunal shall continue to operate in favour of the petitioner, pending disposal of the appeal.
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