High Court of Judicature at Allahabad
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M/S Rathi Industries Ltd. Thru' Accounts Manager Sanjay Garg v. The Commissioner Of Trade Tax, U.P. Lucknow - SALES/TRADE TAX REVISION No. 19 of 2007  RD-AH 801 (12 January 2007)
Hon'ble Rajes Kumar, J
List for hearing after six weeks.
Applicant is a new unit and hold eligibility certificate under section 4-A of the U.P. Trade Tax Act. As per the eligibility certificate, this is 8th year, the applicant was liable to pay 50 percent of the tax due. After the adjustment of 50 percent of the tax due, as per the order of the Tribunal, applicant is liable for the payment of tax to the extent of Rs. 16, 58, 566/- under the U.P. Trade Tax Act.
Meanwhile, the realization of the disputed amount of tax to the extent of Rs. 16, 58, 566/- for the assessment year, 2002-2003 under the U.P. Trade Tax Act shall remain stayed provided the applicant deposits half of the above amount in cash within one month and furnishes security for the balance amount in the form other than cash or bank guarantee within the same period. In case of default, interim order shall stand vacated.
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