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    <title>HC reduces deposit for tax stay to 10% under relevant revenue notifications, modifying earlier order accordingly</title>
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    <description>The HC adjudicated a challenge to the First Appellate Authority&#039;s order mandating a deposit for stay of the impugned tax order. It recognized a Central revenue notification reducing the deposit requirement to 10% of the disputed tax. The State revenue issued a corresponding notification aligning with this reduction. Consequently, the HC modified the earlier order, directing the petitioner to deposit 10% of the remaining disputed tax to maintain the stay. The petitioner&#039;s submission regarding the reduced deposit was accepted, and the writ petition was disposed of accordingly, with the stay contingent upon compliance with the revised deposit condition.</description>
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    <pubDate>Tue, 08 Jul 2025 08:36:21 +0530</pubDate>
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      <title>HC reduces deposit for tax stay to 10% under relevant revenue notifications, modifying earlier order accordingly</title>
      <link>https://www.taxtmi.com/highlights?id=90255</link>
      <description>The HC adjudicated a challenge to the First Appellate Authority&#039;s order mandating a deposit for stay of the impugned tax order. It recognized a Central revenue notification reducing the deposit requirement to 10% of the disputed tax. The State revenue issued a corresponding notification aligning with this reduction. Consequently, the HC modified the earlier order, directing the petitioner to deposit 10% of the remaining disputed tax to maintain the stay. The petitioner&#039;s submission regarding the reduced deposit was accepted, and the writ petition was disposed of accordingly, with the stay contingent upon compliance with the revised deposit condition.</description>
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      <pubDate>Tue, 08 Jul 2025 08:36:21 +0530</pubDate>
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