https://www.taxtmi.com/caselaws?id=393223 Circulars governing stay of recovery pending appeal treated a 15% pre-deposit as a guideline, not an inflexible rule, and permitted departure where facts justified a lower or higher amount. The High Court found that the discretion had to be exercised uniformly and reasonably, and that the Tribunal's stay condition needed moderation in light of the high disputed demand and the stage of proceedings. Exercising writ jurisdiction, the Court reduced the pre-deposit requirement to 5% and modified the stay order in favour of the assessee. en-us Wed, 26 Feb 2020 00:00:00 +0530 Thu, 15 Oct 2020 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393223 Circulars governing stay of recovery pending appeal treated a 15% pre-deposit as a guideline, not an inflexible rule, and permitted departure where facts justified a lower or higher amount. The High Court found that the discretion had to be exercised uniformly and reasonably, and that the Tribunal's stay condition needed moderation in light of the high disputed demand and the stage of proceedings. Exercising writ jurisdiction, the Court reduced the pre-deposit requirement to 5% and modified the stay order in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393223