https://www.taxtmi.com/caselaws?id=164413 The proviso to section 70(2) of the Tripura Value Added Tax Act, 2004 was construed literally: the words "fifty per cent of the tax assessed" and "fifty per cent of the penalty levied" are disjunctive, so deposit of both amounts cannot be insisted upon. The required pre-deposit depends on the nature of the impugned order, meaning only the relevant alternative applies where the revision concerns assessment of tax or imposition of penalty. The order insisting on both deposits was set aside. en-us Mon, 12 Apr 2010 00:00:00 +0530 Sat, 11 Oct 2014 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164413 The proviso to section 70(2) of the Tripura Value Added Tax Act, 2004 was construed literally: the words "fifty per cent of the tax assessed" and "fifty per cent of the penalty levied" are disjunctive, so deposit of both amounts cannot be insisted upon. The required pre-deposit depends on the nature of the impugned order, meaning only the relevant alternative applies where the revision concerns assessment of tax or imposition of penalty. The order insisting on both deposits was set aside. Case-Laws VAT and Sales Tax Mon, 12 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164413