https://www.taxtmi.com/caselaws?id=244452 A bank guarantee imposed as a condition for interim stay of the disputed tax demand during pendency of a statutory appeal may be treated as onerous where the assessee has already complied with the direction to deposit 25% of the disputed tax. In similar matters, such a condition had been substituted by personal bonds undertaking payment if the appeal failed, and the same relief was extended here because the petitioner was similarly placed. The bank guarantee requirement was therefore set aside, personal bonds were permitted in its place, and the stay in the appeal continued upon such compliance. en-us Thu, 23 Jan 2014 00:00:00 +0530 Tue, 08 Jul 2014 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244452 A bank guarantee imposed as a condition for interim stay of the disputed tax demand during pendency of a statutory appeal may be treated as onerous where the assessee has already complied with the direction to deposit 25% of the disputed tax. In similar matters, such a condition had been substituted by personal bonds undertaking payment if the appeal failed, and the same relief was extended here because the petitioner was similarly placed. The bank guarantee requirement was therefore set aside, personal bonds were permitted in its place, and the stay in the appeal continued upon such compliance. Case-Laws VAT and Sales Tax Thu, 23 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244452