https://www.taxtmi.com/caselaws?id=246788 A blanket stay of an impugned tax judgment was declined, but interim protection was granted on terms that secured the revenue interest. The Court ordered stay of operation of the judgment subject to deposit of 50% of the accrued tax liability or arrears, after adjusting amounts already paid or deposited, and furnishing a bank guarantee for the balance within the stipulated time. It also required the existing bank guarantees to continue, permitted recovery if default occurred, preserved refund if the appellants succeeded, and left parties free to pursue statutory remedies in accordance with law. en-us Mon, 03 Feb 2014 00:00:00 +0530 Tue, 22 Apr 2014 06:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246788 A blanket stay of an impugned tax judgment was declined, but interim protection was granted on terms that secured the revenue interest. The Court ordered stay of operation of the judgment subject to deposit of 50% of the accrued tax liability or arrears, after adjusting amounts already paid or deposited, and furnishing a bank guarantee for the balance within the stipulated time. It also required the existing bank guarantees to continue, permitted recovery if default occurred, preserved refund if the appellants succeeded, and left parties free to pursue statutory remedies in accordance with law. Case-Laws VAT and Sales Tax Mon, 03 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246788