https://www.taxtmi.com/caselaws?id=163680 An interim stay condition requiring a bank guarantee for the balance demand was treated as unduly onerous where the assessee showed a prima facie exemption claim for intra-State sales and consequent non-taxability of inter-State turnover under section 8(2A) of the Central Sales Tax Act, along with financial hardship. The court accepted that the assessee had already complied with part of the stay condition and found a personal bond to be adequate substitute security. The bank guarantee requirement was therefore modified to permit furnishing of a personal bond for the balance tax and penalty. en-us Wed, 14 Nov 2007 00:00:00 +0530 Fri, 19 Dec 2014 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163680 An interim stay condition requiring a bank guarantee for the balance demand was treated as unduly onerous where the assessee showed a prima facie exemption claim for intra-State sales and consequent non-taxability of inter-State turnover under section 8(2A) of the Central Sales Tax Act, along with financial hardship. The court accepted that the assessee had already complied with part of the stay condition and found a personal bond to be adequate substitute security. The bank guarantee requirement was therefore modified to permit furnishing of a personal bond for the balance tax and penalty. Case-Laws VAT and Sales Tax Wed, 14 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163680