https://www.taxtmi.com/caselaws?id=184720 The High Court considered whether recovery of the remaining disputed tax demand should be stayed pending appeal where the assessee raised a strong prima facie case and undue hardship. It noted that the agreement on record and the absence of material showing consideration for transfer supported the contention that there was no transfer of property in the Child Parts and that their value should not form part of taxable turnover. As the Tribunal's partial stay order did not clearly negate prima facie merits, hardship, or balance of convenience, further recovery was restrained for a limited period. The balance demand was stayed for two months or until disposal of the appeal, whichever was earlier, subject to security other than cash or bank guarantee. en-us Thu, 27 May 2010 00:00:00 +0530 Mon, 08 May 2017 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184720 The High Court considered whether recovery of the remaining disputed tax demand should be stayed pending appeal where the assessee raised a strong prima facie case and undue hardship. It noted that the agreement on record and the absence of material showing consideration for transfer supported the contention that there was no transfer of property in the Child Parts and that their value should not form part of taxable turnover. As the Tribunal's partial stay order did not clearly negate prima facie merits, hardship, or balance of convenience, further recovery was restrained for a limited period. The balance demand was stayed for two months or until disposal of the appeal, whichever was earlier, subject to security other than cash or bank guarantee. Case-Laws VAT and Sales Tax Thu, 27 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184720