https://www.taxtmi.com/caselaws?id=250007 In pending tax appeals under the Tamil Nadu Value Added Tax Act, the Court held that a bank guarantee was not mandatory for continuation of stay where a personal bond and an additional deposit of 25% of the disputed tax would adequately secure the demand. Following earlier orders, it balanced revenue protection with taxpayer hardship and substituted the bank guarantee condition with a personal bond plus the further deposit. On compliance, the appellate authority was to hear and decide the appeals on merits, and the existing stay would continue until that disposal. en-us Fri, 27 Jun 2014 00:00:00 +0530 Wed, 30 Jul 2014 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250007 In pending tax appeals under the Tamil Nadu Value Added Tax Act, the Court held that a bank guarantee was not mandatory for continuation of stay where a personal bond and an additional deposit of 25% of the disputed tax would adequately secure the demand. Following earlier orders, it balanced revenue protection with taxpayer hardship and substituted the bank guarantee condition with a personal bond plus the further deposit. On compliance, the appellate authority was to hear and decide the appeals on merits, and the existing stay would continue until that disposal. Case-Laws VAT and Sales Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250007