https://www.taxtmi.com/caselaws?id=163623 In a sales tax interim matter, the Madras HC treated the dispute as one of discretionary relief pending appeal before the Tribunal. It noted that the stay order already protected the assessee by suspending 75% of the disputed demand, and declined to interfere with the direction to pay 25% in view of the stage of proceedings and the close of the financial year. However, the requirement to furnish security was modified, and a personal bond of the directors was accepted instead. The payment condition was left intact, but the security stipulation was relaxed. en-us Thu, 22 Mar 2007 00:00:00 +0530 Sat, 05 Apr 2014 15:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163623 In a sales tax interim matter, the Madras HC treated the dispute as one of discretionary relief pending appeal before the Tribunal. It noted that the stay order already protected the assessee by suspending 75% of the disputed demand, and declined to interfere with the direction to pay 25% in view of the stage of proceedings and the close of the financial year. However, the requirement to furnish security was modified, and a personal bond of the directors was accepted instead. The payment condition was left intact, but the security stipulation was relaxed. Case-Laws VAT and Sales Tax Thu, 22 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163623