Pre-deposit relief in tax dispute: tribunal scaled the payment requirement and stayed recovery on compliance.

The CESTAT Bangalore considered whether a pre-deposit requirement should be reduced in light of the appellant's financial hardship and an earlier interim order in a similar matter. It directed the appellant to pre-deposit Rs. 75 lakhs within three months; on compliance, the balance demand was waived and recovery remained stayed.

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Issues: Whether the amount directed to be pre-deposited should be scaled down having regard to the appellant's financial hardship and the earlier interim order in a similar matter.

Outcome: The appellant was directed to pre-deposit Rs. 75 lakhs within three months, and on compliance the balance demand stood waived and recovery stayed.

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