9911796707
TMI Blog2010 (7) TMI 895X X X X Extracts X X X X X X X X Extracts X X X X ..... . The petitioner has raised the challenge to the notices issued to the Branch Manager, HDFC Bank and to the Army Welfare Housing Organisation, Bangalore (annexures A and B), respectively, under section 45 of the Karnataka Value Added Tax Act, 2003 ( the VAT Act for short). Sri Chythanya, the learned counsel for the petitioner, submits that section 62(2)(a) of the VAT Act offers the remedy o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that under section 39(1)(b) of the VAT Act, the assessee is liable to pay the amount demanded towards the reassessment within ten days. The respondent is not required to wait till the expiry of the period prescribed for filing the appeal, so contends Sri Shivayogiswamy. In the course of the rejoinder, Sri Chythanya, the learned counsel for the petitioner, submits that one part of any statute ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... depositing the same with the appellate authority. Sri Shivayogiswamy, on instructions, submits that the HDFC Bank has already sent a sum of Rs. 14,59,000 to the respondent. He brings to my notice that the petitioner s liability under the reassessment order aggregates to about Rs. 81,00,000. He submits that the petitioner is required to make the payment of 50 per cent. of the demanded amount under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ered view that the ends of justice would be met by directing the appellate authority to dispose of the petitioner s I. A. for stay in the anticipated appeal on the same day on which they are filed, provided, the petitioner deposits the remaining Rs. 25,91,000 (rupees twenty five lakhs ninety one thousand only) or the said amount comes from the Army Welfare Housing Organisation and/or the HDFC Bank ..... X X X X Extracts X X X X X X X X Extracts X X X X
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