https://www.taxtmi.com/caselaws?id=162804 Security furnished at registration under the Andhra Pradesh General Sales Tax framework is linked to the tax payable for one year as estimated at the time of registration. On that construction, a surety bond given for an assessee cannot be treated as open-ended security extending beyond the period for which it was furnished. The Court followed its earlier view on the same question and rejected recovery based on a wider interpretation of the security instrument. Recovery orders against the sureties were therefore held unsustainable and were quashed. en-us Fri, 27 Jan 2006 00:00:00 +0530 Fri, 14 Mar 2014 15:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162804 Security furnished at registration under the Andhra Pradesh General Sales Tax framework is linked to the tax payable for one year as estimated at the time of registration. On that construction, a surety bond given for an assessee cannot be treated as open-ended security extending beyond the period for which it was furnished. The Court followed its earlier view on the same question and rejected recovery based on a wider interpretation of the security instrument. Recovery orders against the sureties were therefore held unsustainable and were quashed. Case-Laws VAT and Sales Tax Fri, 27 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162804