Appeal admitted on sole issue: whether 12% interest from deposit date was justified; appellant ordered to release 50% pending appeal HC admitted the appeal on the sole question whether the appellate tribunal was justified in awarding 12% interest from the date of deposit. Notice for ...
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Appeal admitted on sole issue: whether 12% interest from deposit date was justified; appellant ordered to release 50% pending appeal
HC admitted the appeal on the sole question whether the appellate tribunal was justified in awarding 12% interest from the date of deposit. Notice for admission was waived. The hearing was scheduled for 13.12.2021. Interim relief was modified: the appellant was directed to release, subject to the appeal's outcome, 50% of the interest awarded in favor of the respondent-assessee. The application for interim relief was disposed of.
The appeal was admitted for consideration on the single question of law: "Whether the Central Excise and Service Tax Appellate Tribunal was justified in allowing interest at the rate of 12% in favour of the assessee from the date of depositing the amount." Notice for admission was waived by the respondent. The matter is listed for hearing on 13.12.2021. Interim relief previously granted is modified: the appellant is directed to release, subject to the outcome of the appeal, 50% of the interest awarded by the impugned judgment in favor of the respondent-assessee. The application for interim relief is disposed of.
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