Saturday, 25 October 2014

HC grants complete stay of demand as Apex's Court's verdict relied upon by revenue was overruled in

CST & VAT: Where Assessing Authority made assessment relying upon decision of Supreme Court rendered in case of State of Andhra Pradesh v. Kone Elevators (India) Ltd. [2005] 140 STC 22 and raised tax demand upon assessee, since said judgment had now been overruled by Supreme Court in another case, assessee was entitled to complete stay of demand


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