https://www.taxtmi.com/caselaws?id=164833 Security under section 26 of the West Bengal Value Added Tax Act, 2003 read with rule 195 of the West Bengal Value Added Tax Rules, 2005 may be demanded only for recorded good and sufficient reasons supported by objective material. Discretion must have a rational nexus with the statutory purpose and cannot rest on conjecture, unsupported apprehension, or unverified assumptions about potential tax liability, financial weakness, or consent. Where the dealer has filed returns regularly, has no tax default, and there is no loss or misuse of way-bills or declaration forms, the statutory basis for demanding or reducing security is not made out and the demand cannot be sustained. en-us Fri, 16 Jul 2010 00:00:00 +0530 Sat, 03 May 2014 18:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164833 Security under section 26 of the West Bengal Value Added Tax Act, 2003 read with rule 195 of the West Bengal Value Added Tax Rules, 2005 may be demanded only for recorded good and sufficient reasons supported by objective material. Discretion must have a rational nexus with the statutory purpose and cannot rest on conjecture, unsupported apprehension, or unverified assumptions about potential tax liability, financial weakness, or consent. Where the dealer has filed returns regularly, has no tax default, and there is no loss or misuse of way-bills or declaration forms, the statutory basis for demanding or reducing security is not made out and the demand cannot be sustained. Case-Laws VAT and Sales Tax Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164833