https://www.taxtmi.com/caselaws?id=329879 An amount deposited only as an interim court condition for lifting attachment did not assume the character of tax, penalty or a statutory pre-deposit, so it could not be withheld under section 39(1) of the Gujarat Value Added Tax Act, 2003. The Court also held that a refund-withholding order under that provision requires a reasoned satisfaction that release would adversely affect revenue; a mechanical order, especially after stay had already been refused in the pending tax appeals, was unsustainable. The withholding order was set aside and the deposited amount directed to be returned. en-us Fri, 22 Apr 2016 00:00:00 +0530 Tue, 12 Jul 2016 11:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329879 An amount deposited only as an interim court condition for lifting attachment did not assume the character of tax, penalty or a statutory pre-deposit, so it could not be withheld under section 39(1) of the Gujarat Value Added Tax Act, 2003. The Court also held that a refund-withholding order under that provision requires a reasoned satisfaction that release would adversely affect revenue; a mechanical order, especially after stay had already been refused in the pending tax appeals, was unsustainable. The withholding order was set aside and the deposited amount directed to be returned. Case-Laws VAT and Sales Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329879