1973 (3) TMI 121 - HC - VAT and Sales Tax

Summary

The High Court of Madras dismissed the petitions regarding the collection of further tax amount of Rs. 1,40,041.21 from the petitioners under Section 39-A(2) of the Act. The court emphasized that the power to stay collection should be exercised and not refused abruptly. The Appellate Assistant Commissioner required security for considering the grant of stay, which was not provided by the assessees, leading to the dismissal of the petitions. The court advised the Commissioner to clearly state reasons for declining stay in future orders.