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of <h1>Tribunal overturns arbitrary security deposit demand of Rs. 1,50,000 as petitioner's plea succeeds</h1> <h3>Dhanalakshmi Traders Versus Commercial Tax Officer (FAC)</h3> Dhanalakshmi Traders Versus Commercial Tax Officer (FAC) - [2003] 133 STC 170 (TNTST) The petitioner was asked to pay a security deposit of Rs. 1,50,000 to prove the genuineness of business transactions, but the demand was found to be arbitrary and not in accordance with the law. The Tribunal set aside the demand and ordered that the order be observed and carried out. Petition allowed.
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