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<h1>Supreme Court grants leave, stays penalty, appellants to pay tax & interest within 4 weeks</h1> The Supreme Court of India granted leave in the case and stayed the penalty imposed by the assessing authority. The appellants are required to pay the tax ... Transfer of right to use trademark - Levy of VAT on such transfer - Held that:- Leave granted. There shall be stay insofar as the levy of penalty imposed by the assessing authority is concerned. The Supreme Court of India granted leave in the case. Stay granted on penalty imposed by assessing authority. Appellants to pay tax and interest within four weeks if not already paid.
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