M/S. TECNIMONT PVT. LTD. (FORMERLY KNOWN AS TECNIMONT ICB PVT. LTD) vs STATE OF PUNJAB .

The Supreme Court upheld the validity of Section 62(5) of the Punjab Value Added Tax Act, 2005, which mandates a pre-deposit of 25% of the additional demand for filing an appeal. The Court ruled that this provision is not violative of Article 14 of the Constitution, as it serves a legitimate state interest in ensuring compliance with tax obligations. The Court affirmed the High Court's decision, allowing the appeals and confirming the constitutionality of the pre-deposit requirement.