TMI Blog2015 (6) TMI 1017X X X X Extracts X X X X X X X X Extracts X X X X ..... er he cannot pursue this remedy of writ. Under the statute the petitioner is bound to deposit 50% of the demand raised and no exceptional reason has been found for why the petitioner should be exempted from depositing 50%. It is to be said so because the petitioner has not denied the transactions but has only stated that he was under the impression that no tax is to be paid. Whether this version o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as also selling rubber products. During the assessment year 2008-09, the petitioner purchased tyres, tubes and flaps, i.e., rubber products of the value of ₹ 54,17,838 from M/s. Birla Tyres, Chitta Ranjan Road, Agartala. 3. On June 1, 2009, the income-tax authorities inspected the premises of the petitioner and found that there is no stock of tyres, tubes and flaps in his godown, which me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that when a revision has been filed by the petitioner he cannot pursue this remedy of writ. Under the statute the petitioner is bound to deposit 50 per cent of the demand raised and we find no exceptional reason in this case why the petitioner should be exempted from depositing 50 per cent. We are saying so because the petitioner has not denied the transactions but has only stated that he was unde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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