https://www.taxtmi.com/caselaws?id=75182 The High Court modified the Tribunal's pre-deposit order from Rs. 2 crores to a bank guarantee of Rs. 50 lakhs due to the petitioner's financial hardship. The petitioner's appeal was at risk of dismissal for failure to deposit the amount. The Court considered the company's viability as a going concern and aimed to prevent undue financial burden that could affect production and employment. Emphasizing the need to balance legal requirements with business practicalities, the modification allowed the appeal to proceed if the bank guarantee was furnished within the specified timeframe. en-us Tue, 07 Jul 2009 00:00:00 +0530 Wed, 11 May 2011 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75182 The High Court modified the Tribunal's pre-deposit order from Rs. 2 crores to a bank guarantee of Rs. 50 lakhs due to the petitioner's financial hardship. The petitioner's appeal was at risk of dismissal for failure to deposit the amount. The Court considered the company's viability as a going concern and aimed to prevent undue financial burden that could affect production and employment. Emphasizing the need to balance legal requirements with business practicalities, the modification allowed the appeal to proceed if the bank guarantee was furnished within the specified timeframe. Case-Laws Service Tax Tue, 07 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75182