https://www.taxtmi.com/caselaws?id=154855 The authority's discretion to alter security under section 13-A(6) of the U.P. Sales Tax Act had to be exercised with reasons where the dealer specifically sought correction of valuation and substitution of bank guarantee for cash security. A bare statement that the request was considered and rejected was insufficient because it did not show the basis for sustaining the higher valuation or refusing the bank guarantee. The orders were therefore unsustainable and were quashed, with the matter to be decided afresh after hearing the dealer and recording reasons if the requests were again refused. en-us Fri, 22 Aug 1986 00:00:00 +0530 Tue, 27 Aug 2013 17:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154855 The authority's discretion to alter security under section 13-A(6) of the U.P. Sales Tax Act had to be exercised with reasons where the dealer specifically sought correction of valuation and substitution of bank guarantee for cash security. A bare statement that the request was considered and rejected was insufficient because it did not show the basis for sustaining the higher valuation or refusing the bank guarantee. The orders were therefore unsustainable and were quashed, with the matter to be decided afresh after hearing the dealer and recording reasons if the requests were again refused. Case-Laws VAT and Sales Tax Fri, 22 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154855