https://www.taxtmi.com/caselaws?id=158114 Renewal of an eligibility certificate was properly refused where the applicant failed to maintain separate accounts for the manufacturing unit, an essential condition for verifying entitlement to exemption. A short delay in filing the renewal application was treated as condonable, and alleged tax collection in an earlier year could not by itself justify refusal for a later year because each renewal stands separately. However, a demand for security could not rest solely on refusal of renewal and the resulting tax liability; in the absence of recorded good or sufficient reasons showing risk to tax payment, the security demand was invalid and was quashed. en-us Thu, 15 Apr 1993 00:00:00 +0530 Wed, 16 Oct 2013 18:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158114 Renewal of an eligibility certificate was properly refused where the applicant failed to maintain separate accounts for the manufacturing unit, an essential condition for verifying entitlement to exemption. A short delay in filing the renewal application was treated as condonable, and alleged tax collection in an earlier year could not by itself justify refusal for a later year because each renewal stands separately. However, a demand for security could not rest solely on refusal of renewal and the resulting tax liability; in the absence of recorded good or sufficient reasons showing risk to tax payment, the security demand was invalid and was quashed. Case-Laws VAT and Sales Tax Thu, 15 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158114