2015 (11) TMI 604

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..... ank Guarantee on 13.10.2003. In view thereof, it is not necessary to go into the issue and we are of the opinion that having regard to the peculiar facts of this case and also that the appellant has some arguable case on merits, interest of justice would be subserved, if no interest is demanded - Decided in favour of assessee. - Civil Appeal No. 2819/2007 - - - Dated:- 8-10-2015 - Mr. A.K. Sik .....

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..... filed civil suit seeking restraint orders against the respondent-Union of India from encashing the Bank Guarantee. At this time, the Kar Vivadh Samadhan Scheme, 1998 (KVSS) scheme was introduced by the Government which entitled the defaulters to pay 50 per cent of the demand and settle their tax disputes. The appellant applied under the said Scheme but this application was rejected on the groun .....

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