https://www.taxtmi.com/caselaws?id=157033 A statutory discretion to waive or relax a pre-deposit condition must be exercised objectively, reasonably and on recorded special and adequate reasons, with regard to the assessee's financial capacity, the disputed tax and other relevant circumstances. The assessee's affidavits alleging closure of business, absence of assets and financial hardship were not properly investigated, and the Tribunal failed to deal with that material with adequate reasons. The refusal to grant waiver or relaxation was therefore unsustainable, and the matter was remitted for fresh consideration of the waiver applications and the appeals in accordance with law. en-us Tue, 23 Feb 1993 00:00:00 +0530 Fri, 27 Sep 2013 17:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157033 A statutory discretion to waive or relax a pre-deposit condition must be exercised objectively, reasonably and on recorded special and adequate reasons, with regard to the assessee's financial capacity, the disputed tax and other relevant circumstances. The assessee's affidavits alleging closure of business, absence of assets and financial hardship were not properly investigated, and the Tribunal failed to deal with that material with adequate reasons. The refusal to grant waiver or relaxation was therefore unsustainable, and the matter was remitted for fresh consideration of the waiver applications and the appeals in accordance with law. Case-Laws VAT and Sales Tax Tue, 23 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157033