2015 (11) TMI 1763 - SCH - VAT and Sales Tax

Transfer of right to use trademark - Levy of VAT on such transfer - Held that - Leave granted. There shall be stay insofar as the levy of penalty imposed by the assessing authority is concerned.

Summary

The Supreme Court of India granted leave in the case. Stay granted on penalty imposed by assessing authority. Appellants to pay tax and interest within four weeks if not already paid.