https://www.taxtmi.com/caselaws?id=161453 Where a penalty order had been served only shortly before writ proceedings and the statutory appeal period had not expired, the High Court held that the petitioner should be allowed to pursue the appellate remedy and seek interim stay. Immediate encashment of the bank guarantee would have made that remedy ineffective, so recovery was restrained until the appellate authority decided a stay application filed within limitation. The protection was limited: if no appeal was filed, the respondents could proceed after expiry of the appeal period. The petition was disposed of by preserving the pending appellate remedy and granting only limited interim protection. en-us Fri, 20 Sep 2002 00:00:00 +0530 Wed, 29 Jan 2014 12:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161453 Where a penalty order had been served only shortly before writ proceedings and the statutory appeal period had not expired, the High Court held that the petitioner should be allowed to pursue the appellate remedy and seek interim stay. Immediate encashment of the bank guarantee would have made that remedy ineffective, so recovery was restrained until the appellate authority decided a stay application filed within limitation. The protection was limited: if no appeal was filed, the respondents could proceed after expiry of the appeal period. The petition was disposed of by preserving the pending appellate remedy and granting only limited interim protection. Case-Laws VAT and Sales Tax Fri, 20 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161453