https://www.taxtmi.com/caselaws?id=328298 Pending writ proceedings challenging reopening of a concluded assessment on jurisdictional grounds, the interim tax recovery arrangement was modified to preserve the subject matter while protecting revenue. The court considered the disputed applicability of Section 39 of the Karnataka Value Added Tax Act and the effect of a later Supreme Court decision relied on by the taxpayer. Recovery of the demand remained stayed, subject to security by bank guarantee for 30% of the demand and an undertaking for the balance, leaving the substantive issues open for decision in the writ petitions. en-us Thu, 28 Apr 2016 00:00:00 +0530 Tue, 31 May 2016 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328298 Pending writ proceedings challenging reopening of a concluded assessment on jurisdictional grounds, the interim tax recovery arrangement was modified to preserve the subject matter while protecting revenue. The court considered the disputed applicability of Section 39 of the Karnataka Value Added Tax Act and the effect of a later Supreme Court decision relied on by the taxpayer. Recovery of the demand remained stayed, subject to security by bank guarantee for 30% of the demand and an undertaking for the balance, leaving the substantive issues open for decision in the writ petitions. Case-Laws VAT and Sales Tax Thu, 28 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328298