Pre-deposit for stay was reduced to 10% of disputed tax, following the later revenue notification.

Pending constitution of the Tribunal, the Court accepted that the pre-deposit required for continuation of stay of the first appellate order should be reduced in line with the later revenue notification. It held that deposit of 10% of the remaining disputed tax was sufficient for the impugned order to remain stayed, and the writ petition was disposed of on that modified condition.

---

---

Issues: Whether, pending constitution of the Tribunal, the pre-deposit condition for staying the impugned first appellate order should be reduced to 10% of the remaining disputed tax in line with the subsequent revenue notification.

Analysis: The Court accepted the petitioner's contention that the later notification issued by the State revenue correspondingly reduced the deposit requirement. The order records that the assessee was seeking appeal to the Tribunal, which was not yet constituted, and that the stay of the impugned order was to operate on deposit of the prescribed amount.

Conclusion: The deposit requirement was accepted at 10% of the remaining disputed tax for the impugned order to remain stayed.

Final Conclusion: The writ petition was disposed of with the modified deposit condition governing continuation of stay.

---