TaxTMI 
TaxTMI 
2018 (11) TMI 569
X X X X Extracts X X X X
X X X X Extracts X X X X
....ee, Advocate, for the Respondent. ORDER The petitioners are before the writ Court assailing an order passed by the appellate authority refusing to entertain an appeal as the petitioners have failed to make a pre-deposit as directed. 2. Learned Senior Advocate appearing for the petitioners draws the attention of the Court to the fact that the petitioners have secured an amount of Rs. 32 lak....
X X X X Extracts X X X X
X X X X Extracts X X X X
....earing for the respondents submits that, the amendment introduced to Section 35F of the Act, 1944 was not available when the impugned order was passed. Therefore, no interference is called for. 5. It appears that, by the order-in-original a sum in excess of Rs. 64 lakh was demanded against the petitioners. The petitioners being entitled to prefer an appeal therefrom, had preferred an appeal.....
X X X X Extracts X X X X
X X X X Extracts X X X X
....end the validity period of the bank guarantee once the purpose of furnishing the bank guarantee stands secured. In a given case, if the appeal is directed to be heard out on merits on the basis of a bank guarantee, there is every likelihood that the person concerned may not keep the bank guarantee live till the disposal of the appeal. Moreover, in Revenue's matters, securing the claim of the Reven....