TMI Blog2018 (7) TMI 1804X X X X Extracts X X X X X X X X Extracts X X X X ..... clined to direct the respondent to accept the security in lieu of cash deposit - the appellant could be granted a further time of three months to raise the amounts - appeal disposed off. - Writ Appeal No. 1102 of 2018 - - - Dated:- 13-7-2018 - K. VINOD CHANDRAN ASHOK MENON, JJ Appellant By: Advs. S ri. P. Radhakrishnan (1) Sri. Madhu Radhakrishnan Respondent By: R1 By Adv. Sreelal N. W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al. The said amendment does not apply to the appellant since appeal itself was filed before the amendment came into force. The Tribunal considering the waiver application found that there is a prima facie strong case at least with respect to ₹ 86,00,000/- and confined the pre-deposit to ₹ 50,00,000/- as against the total demand of ₹ 1,96,57,499/-. 2. In the Original Petition, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... before us two properties which according to the assessee are valued at ₹ 31,60,000/- and ₹ 20,24,000/-. We in fact required the learned Standing Counsel to verify as to whether the said properties have such valuation. On verification of the web site of the Department of Registration, Government of Kerala and the fair value prescribed for the said properties, it is submitted by the lea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the official web site of the department. However, if the market value is said to be as projected by the appellant then necessarily they could obtain loan on the basis of such security. There being no provision for providing security for the purpose of maintaining the appeal on the basis of the waiver granted by the Tribunal and later modified by this Court we are not inclined to direct the respond ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
