https://www.taxtmi.com/caselaws?id=346399 The court ordered the petitioner to provide a bank guarantee to the respondent within a specified timeframe, leading to the release of the title deeds of the collateral security properties. The court emphasized that the determination of the sales tax percentage and its inclusion in EMIs would be subject to future deliberation, ensuring no prejudice to the petitioner for any potential legal actions regarding sales tax payment on the machinery. The writ petition was disposed of without imposing costs on either party, outlining a structured framework for resolving the sales tax dispute and releasing collateral security documents. en-us Mon, 24 Jul 2017 00:00:00 +0530 Sat, 12 Aug 2017 08:27:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346399 The court ordered the petitioner to provide a bank guarantee to the respondent within a specified timeframe, leading to the release of the title deeds of the collateral security properties. The court emphasized that the determination of the sales tax percentage and its inclusion in EMIs would be subject to future deliberation, ensuring no prejudice to the petitioner for any potential legal actions regarding sales tax payment on the machinery. The writ petition was disposed of without imposing costs on either party, outlining a structured framework for resolving the sales tax dispute and releasing collateral security documents. Case-Laws VAT and Sales Tax Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346399