https://www.taxtmi.com/caselaws?id=159817 The Court held that the petitioner's liability as a surety for M/s. Jai Laxmi Rice Mills ceased upon the dissolution of the firm in 1993. The recovery of tax dues from the petitioner beyond March 1996 was deemed unjustified. The Court limited the petitioner's liability to Rs. 50,000 as per the bond terms and directed the recovery of tax dues from other partners of the firm. The writ petition was disposed of with an order to recover only Rs. 50,000 from the petitioner, in accordance with legal precedent and the terms of the surety bond. en-us Fri, 27 Nov 1998 00:00:00 +0530 Mon, 02 Dec 2013 15:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159817 The Court held that the petitioner's liability as a surety for M/s. Jai Laxmi Rice Mills ceased upon the dissolution of the firm in 1993. The recovery of tax dues from the petitioner beyond March 1996 was deemed unjustified. The Court limited the petitioner's liability to Rs. 50,000 as per the bond terms and directed the recovery of tax dues from other partners of the firm. The writ petition was disposed of with an order to recover only Rs. 50,000 from the petitioner, in accordance with legal precedent and the terms of the surety bond. Case-Laws VAT and Sales Tax Fri, 27 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159817