Not a case of Irreparable Loss when Party can be Compensated in terms of Money: Kerala HC upholds Payment of 30% of Disputed Tax under KVAT Act [Read Order]

By Kalyani B. Nair - On September 20, 2023 7:00 am - 2 mins read
Not - case - Irreparable- Loss - Party - Compensated - Money-Kerala- HC - Payment - Disputed -Tax - KVAT -Act-TAXSCAN

In a major ruling the Kerala High Court observed that “When a party can be compensated in terms of money, it cannot be a case of suffering irreparable loss” and thereby upheld the payment of 30% of disputed tax under the Kerala Value Added Tax Act, 2003 (KVAT Act). The petitioner in the present matter…

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