Tuesday, 21 January 2014

Order of Tribunal on merits can't be stayed at admission stage, otherwise it tantamounts to allowing

CST & VAT : Where Tribunal has held in favour of assessee on merits, such judgment cannot be stayed at admission stage as that would permit assessing authorities to pass orders against assessee, thereby, virtually allowing appeal; however, to safeguard interests of revenue, it was held that subsequent assessments would be subject to outcome of present appeal


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