https://www.taxtmi.com/caselaws?id=250831 In a conditional stay of recovery proceedings arising from tax and penalty assessment orders, the High Court treated a personal bond as an adequate substitute for a bank guarantee where insistence on bank security was said to cause financial hardship. The security condition for continuance of stay was modified accordingly, and the appellate authority was directed to decide the statutory appeals on merits after receipt of the personal bond. en-us Tue, 03 Jun 2014 00:00:00 +0530 Tue, 26 Aug 2014 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250831 In a conditional stay of recovery proceedings arising from tax and penalty assessment orders, the High Court treated a personal bond as an adequate substitute for a bank guarantee where insistence on bank security was said to cause financial hardship. The security condition for continuance of stay was modified accordingly, and the appellate authority was directed to decide the statutory appeals on merits after receipt of the personal bond. Case-Laws VAT and Sales Tax Tue, 03 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250831