SC imposes stay on implementation of order against Anant Automobiles under Section 42(5) of the OVAT Act [Read Order]

The Orissa High Court had upheld the Revenue’s imposition of penalty under Section 42(5) of the OVAT Act
By Amal Michael - On January 29, 2024 6:09 pm - 2 mins read
Supreme Court - OVAT - Supreme Court stay order - Anant Automobiles case update - Anant Automobiles - Implementation stay on OVAT Act - Anant Automobiles legal challenges - TAXSCAN

A two judge bench of the Supreme Court put a stay on the imposition of fine under section 42(5) of the OVAT Act on Anant Automobiles. The Court is due to hear a Special Leave Petition on the matter. A Special Leave Petition on this matter is scheduled for a hearing, during which the bench…

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