https://www.taxtmi.com/caselaws?id=234230 Where an earlier Division Bench ruling had held that trade tax on purchase of molasses could not be realised, the Court followed that operative precedent and granted interim protection against tax recovery during the pendency of the connected appeal. The Court noted that the Supreme Court had only stayed refund and had not stayed the precedent on merits, so the respondents were restrained from realising tax for the time being. At the same time, the respondents were directed to maintain accounts of molasses purchased and sold, preserving the basis for future enforcement if the State ultimately succeeded. en-us Fri, 31 May 2013 00:00:00 +0530 Mon, 03 Jun 2013 09:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234230 Where an earlier Division Bench ruling had held that trade tax on purchase of molasses could not be realised, the Court followed that operative precedent and granted interim protection against tax recovery during the pendency of the connected appeal. The Court noted that the Supreme Court had only stayed refund and had not stayed the precedent on merits, so the respondents were restrained from realising tax for the time being. At the same time, the respondents were directed to maintain accounts of molasses purchased and sold, preserving the basis for future enforcement if the State ultimately succeeded. Case-Laws VAT and Sales Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234230