HC Empowered to Ease Assessee’s Pre-Deposit Amid Financial Hardship

Shiva TexFabs Ltd. Vs State of Punjab and ors. (Punjab and Haryana High Court)

The Punjab and Haryana High Court, in the case of M/s. Shiva TexFabs Ltd. v. State of Punjab and Ors. [CWP 2650 of 2022 dated October 3, 2023], demonstrated its power to alleviate financial hardship by reducing the pre-deposit amount required under the Punjab Value Added Tax Act. This landmark decision, dated October 3, 2023, highlights the court’s authority to modify pre-deposit conditions for tax appeals.

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