2014 (8) TMI 370 - HC - VAT and Sales Tax

Settlement of sales tax dispute - order of Appellate Authority for Industrial and Financial Reconstruction (AAIFR) - Consent order passed - Held that - In view of the compromise entered in to between the parties before the AAIFR, there is no further order necessary in these writ petitions - The compromise entered in to between the parties on 20.2.2014 before the AAIFR shall form part and parcel of the order of this Court - Petition disposed of.

Summary

Issues:
1. Petitioner seeking disposal of writ petitions based on consent order dated 20.2.2014 by AAIFR.

Analysis:
The petitioner filed petitions in MP.Nos.1 and 1 of 2014 seeking disposal of the writ petitions in terms of the consent order dated 20.2.2014 passed by the Appellate Authority for Industrial and Financial Reconstructions (AAIFR) in Appeal No.233 of 2009. The appeal was taken up for final hearing on 20.2.2014 by the AAIFR, and by consent of parties, it was disposed of on the same day. The consent order included relief and concessions to the appellant on waiver of interest, penal interest, and penalty up to a specified date. The appellant agreed to pay 50% of the outstanding dues to the Sales Tax Department by a certain date and the remaining 50% by another date as part of the settlement of Sales-Tax dues in line with the sanctioned scheme.

In light of the compromise reached between the parties before the AAIFR, the High Court found no further order necessary in the writ petitions. Consequently, the writ petitions were disposed of based on the compromise entered into on 20.2.2014 before the AAIFR, which was made a part of the High Court's order. No costs were awarded in this matter, and the connected miscellaneous petitions were closed as a result of the resolution between the parties facilitated by the AAIFR.