https://www.taxtmi.com/caselaws?id=162337 The court held that the notices issued under section 14 of the Karnataka Sales Tax Act were not sustainable as the security deposit did not constitute a debt due by the petitioner-corporation to the third respondent while the contract was subsisting. Consequently, the court quashed the notices and allowed the writ petitions. en-us Tue, 22 Mar 2005 00:00:00 +0530 Tue, 25 Feb 2014 11:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162337 The court held that the notices issued under section 14 of the Karnataka Sales Tax Act were not sustainable as the security deposit did not constitute a debt due by the petitioner-corporation to the third respondent while the contract was subsisting. Consequently, the court quashed the notices and allowed the writ petitions. Case-Laws VAT and Sales Tax Tue, 22 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162337