https://www.taxtmi.com/caselaws?id=167955 A security deposit furnished under a fiscal statute cannot be forfeited merely because the transporter discontinued business or did not use statutory forms, unless the law expressly authorises forfeiture. Where no taxable liability arose and no business was carried on, the forfeiture order could not be sustained on allegations of misuse of the Government agency or non-use of forms under the Tripura Sales Tax and VAT framework. The interest claim was not accepted on the facts, but the principal deposit was directed to be refunded in the interests of justice. en-us Wed, 14 Sep 2011 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167955 A security deposit furnished under a fiscal statute cannot be forfeited merely because the transporter discontinued business or did not use statutory forms, unless the law expressly authorises forfeiture. Where no taxable liability arose and no business was carried on, the forfeiture order could not be sustained on allegations of misuse of the Government agency or non-use of forms under the Tripura Sales Tax and VAT framework. The interest claim was not accepted on the facts, but the principal deposit was directed to be refunded in the interests of justice. Case-Laws VAT and Sales Tax Wed, 14 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167955