Saturday 26 July 2014

HC allowed assessee to furnish personal bond instead of bank guarantee in respect of unpaid disputed

CST & VAT : Where against order of assessment, assessee filed appeal before Appellate Deputy Commissioner along with stay petition and Appellate Deputy Commissioner directed assessee to pay 25 per cent of disputed amount of tax and imposed a further condition directing assessee to produce bank guarantee with respect to balance amount of tax, assessee was permitted to execute personal bond instead of bank gurantee


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