https://www.taxtmi.com/caselaws?id=293892 Trade tax on molasses was treated as not immediately recoverable under the VAT/trade tax regime, in line with an earlier Division Bench view that such tax could not be realised and that refund of amounts already collected was warranted. The High Court also noted the Supreme Court's interim stay on refund in the pending appeal, and therefore directed that tax on molasses should not be realised during the appeal. At the same time, the respondents were required to maintain accounts of molasses purchased and sold so that liability could be enforced if the appeal ultimately failed. Relief was thus made conditional on the final outcome of the pending appeal. en-us Thu, 08 Aug 2013 00:00:00 +0530 Mon, 08 Mar 2021 11:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293892 Trade tax on molasses was treated as not immediately recoverable under the VAT/trade tax regime, in line with an earlier Division Bench view that such tax could not be realised and that refund of amounts already collected was warranted. The High Court also noted the Supreme Court's interim stay on refund in the pending appeal, and therefore directed that tax on molasses should not be realised during the appeal. At the same time, the respondents were required to maintain accounts of molasses purchased and sold so that liability could be enforced if the appeal ultimately failed. Relief was thus made conditional on the final outcome of the pending appeal. Case-Laws Indian Laws Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293892