Sunday 9 August 2015

Assessee was entitled to complete stay of demand as demand was based on overruled judgment of Apex C

CST & VAT : Uttar Pradesh VAT - Where Assessing Authority made assessment relying upon judgment of Supreme Court in case of State of Andhra Pradesh v. Kone Elevators (India) Ltd. [2005] taxmann.com 1542 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 amount

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