M/S. TECNIMONT PVT. LTD. (FORMERLY KNOWN AS TECNIMONT ICB PVT. LTD) vs STATE OF PUNJAB . — C.A. No. 7358/2019

CASE SUMMARY M/s Tecnimont Pvt. Ltd. v. State of Punjab (C.A. No. 007358/2019) The Supreme Court upheld the validity of Section 62(5) of the Punjab Value Added Tax Act, 2005, which requires appellants to deposit 25% of the additional tax demand before their appeals can be heard. The Court held that (a) the State has constitutional power to enact this pre-deposit requirement, and (b) the 25% condition is neither onerous nor violative of Article 14. However, the Court reversed the High Court's ruling that appellate authorities possess implied power to waive this requirement in cases of hardship, finding such discretion cannot override the statute's express mandate. This case analysis is maintained by casestatus.in based on publicly available court records.