2017 (11) TMI 133

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..... sufficient if the petitioner furnishes bond for the balance 50% of the tax and penalty instead of bank guarantee - petition allowed in part. - W.P.No.21364 of 2017 and WMP.No.22319 of 2017 - - - Dated:- 10-8-2017 - T. S. Sivagnanam, J. For the Petitioner : Ms. C. Rekha Kumari For the Respondents : Mr. K. Venkatesh ORDER With the consent of the learned counsel on either side, .....

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..... ugned order, dated 07.04.2017, granted stay for a period of six months or till the disposal of the appeal with conditions, i.e., i) directing the petitioner to pay 25% of the disputed tax amount, and insofar as the balance 50% of the tax and penalty are concerned, the petitioner was directed to furnish security in the form of a bank guarantee, on or before 08.05.2017. 5. Heard Ms.C.Rekha Kumari .....

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..... his Court, in a catena of decisions, directed the assessees to execute a personal bond in lieu of furnishing bank guarantee, is of the view that it would be sufficient if the petitioner furnishes bond for the balance 50% of the tax and penalty instead of bank guarantee. 8.Accordingly, the writ petition is partly allowed, and the condition imposed by the first respondent in the impugned order wi .....

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