https://www.taxtmi.com/caselaws?id=337607 A writ petition concerning a sales tax demand under the Karnataka Value Added Tax Act, 2003 and the Central Sales Tax Act, 1956 sought protection against encashment of an irrevocable bank guarantee while the petitioner pursued a statutory second appeal. The parties recorded that the guarantee would remain alive pending consideration of the stay application before the Karnataka Appellate Tribunal. The HC granted liberty to file the second appeal and accompanying stay application, and restrained the first respondent from encashing the bank guarantee until disposal of that application, preserving the petitioner's appellate remedy. en-us Thu, 29 Dec 2016 00:00:00 +0530 Fri, 13 Jan 2017 10:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337607 A writ petition concerning a sales tax demand under the Karnataka Value Added Tax Act, 2003 and the Central Sales Tax Act, 1956 sought protection against encashment of an irrevocable bank guarantee while the petitioner pursued a statutory second appeal. The parties recorded that the guarantee would remain alive pending consideration of the stay application before the Karnataka Appellate Tribunal. The HC granted liberty to file the second appeal and accompanying stay application, and restrained the first respondent from encashing the bank guarantee until disposal of that application, preserving the petitioner's appellate remedy. Case-Laws VAT and Sales Tax Thu, 29 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337607