Sunday 28 August 2011

Pre deposit of 25% u/s 62(5) of PVAT Act,2005 not required for filling of an appeal in time barred cases.





Comment:
In this case, first appellate authority has directed the appellant to deposit 25% of demand created, aggrieved against the orders of 1st Appellate authority, appellant filed appeal before Tribunal who observed that in time barred case there is no requirement to deposit 25% of demand and quashed the assessment order.