https://www.taxtmi.com/caselaws?id=168158 Liability under a surety bond for tax exemption is confined to the period expressly covered by that bond. Recovery proceedings against the surety may be sustained only for defaults, if any, arising within the bonded period, and cannot be extended to later periods for which separate bonds were required. On that basis, recovery action against the surety was set aside to the extent it sought recovery beyond the covered period. en-us Thu, 23 May 2013 00:00:00 +0530 Fri, 23 Jan 2015 17:59:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168158 Liability under a surety bond for tax exemption is confined to the period expressly covered by that bond. Recovery proceedings against the surety may be sustained only for defaults, if any, arising within the bonded period, and cannot be extended to later periods for which separate bonds were required. On that basis, recovery action against the surety was set aside to the extent it sought recovery beyond the covered period. Case-Laws VAT and Sales Tax Thu, 23 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168158