https://www.taxtmi.com/caselaws?id=241466 The Supreme Court issued an interim order directing the petitioner to deposit 50% of accrued tax liability under the U.P. Tax on Entry of Goods into Local Areas Act, 2007, with a bank guarantee for the remaining amount. A dispute arose over the withdrawal of Rs.13,50,09,000 from the petitioner's account before or after the order. The department later acknowledged that a bank guarantee of Rs.52 crores would comply with the order. The court allowed the petitioner to adjust the withdrawn amount in current and future tax demands upon furnishing the bank guarantee, with further proceedings scheduled for review and consideration. en-us Tue, 08 Oct 2013 00:00:00 +0530 Tue, 24 Dec 2013 06:22:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241466 The Supreme Court issued an interim order directing the petitioner to deposit 50% of accrued tax liability under the U.P. Tax on Entry of Goods into Local Areas Act, 2007, with a bank guarantee for the remaining amount. A dispute arose over the withdrawal of Rs.13,50,09,000 from the petitioner's account before or after the order. The department later acknowledged that a bank guarantee of Rs.52 crores would comply with the order. The court allowed the petitioner to adjust the withdrawn amount in current and future tax demands upon furnishing the bank guarantee, with further proceedings scheduled for review and consideration. Case-Laws VAT and Sales Tax Tue, 08 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241466