https://www.taxtmi.com/caselaws?id=72196 Section 129E pre-deposit relief depends on a bona fide showing of undue hardship and genuine, unforeseen financial change; mere asserted liquidity stress, without full disclosure of banking position or a credible change in circumstances, is insufficient, so the Tribunal may insist on cash deposit. Prior bond and guarantee arrangements do not override the statutory duty pre-deposit requirement, and redemption fine is treated as a separate matter arising from confiscation, so those securities do not justify deletion of the cash-deposit condition. The modification request was rejected and the earlier pre-deposit order was left undisturbed, with time allowed only for compliance. en-us Tue, 11 Feb 1986 00:00:00 +0530 Sat, 14 May 2011 11:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72196 Section 129E pre-deposit relief depends on a bona fide showing of undue hardship and genuine, unforeseen financial change; mere asserted liquidity stress, without full disclosure of banking position or a credible change in circumstances, is insufficient, so the Tribunal may insist on cash deposit. Prior bond and guarantee arrangements do not override the statutory duty pre-deposit requirement, and redemption fine is treated as a separate matter arising from confiscation, so those securities do not justify deletion of the cash-deposit condition. The modification request was rejected and the earlier pre-deposit order was left undisturbed, with time allowed only for compliance. Case-Laws Customs Tue, 11 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72196