2010 (5) TMI 908 - SCH - VAT and Sales Tax

Summary

The Supreme Court of India ordered that an amount of Rs. 50 crores be pre-deposited by the corporate wing of the Central Government. The Assessing Officer can proceed with assessment proceedings, but no recovery should be made until further orders. Interlocutory applications are disposed of, and civil appeals are scheduled for final hearing on August 31, 2010.