https://www.taxtmi.com/caselaws?id=167988 The High Court addressed six trade tax revisions in a single judgment, upholding the Tribunal's decision to grant an 80% stay of the disputed amount based on the Supreme Court's K. Raheja Development Corporation case. Despite doubts raised by another Division Bench, the court affirmed the judgment's validity unless overruled by a Larger Bench. The court found the assessee's case not exceptionally strong regarding the prima facie case and financial hardship assessment. A 20% deposit of the disputed amount was required within two weeks, failing which would result in the loss of benefits. All revisions were disposed of as per the Tribunal's decision with the specified modification. en-us Mon, 19 Sep 2011 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167988 The High Court addressed six trade tax revisions in a single judgment, upholding the Tribunal's decision to grant an 80% stay of the disputed amount based on the Supreme Court's K. Raheja Development Corporation case. Despite doubts raised by another Division Bench, the court affirmed the judgment's validity unless overruled by a Larger Bench. The court found the assessee's case not exceptionally strong regarding the prima facie case and financial hardship assessment. A 20% deposit of the disputed amount was required within two weeks, failing which would result in the loss of benefits. All revisions were disposed of as per the Tribunal's decision with the specified modification. Case-Laws VAT and Sales Tax Mon, 19 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167988