https://www.taxtmi.com/caselaws?id=260040 Where an appeal remains pending, recovery of the disputed demand may be protected if the assessee furnishes adequate security in the manner prescribed, and coercive recovery can be restrained meanwhile. However, money already recovered by encashment of a bank guarantee, especially where the assessee consented to encashment and no stay was in force, is not ordinarily refundable. The appellate remedy on merits remains open, and any entitlement to the recovered amount depends on the outcome of that appeal. en-us Tue, 12 May 2015 00:00:00 +0530 Fri, 29 May 2015 06:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260040 Where an appeal remains pending, recovery of the disputed demand may be protected if the assessee furnishes adequate security in the manner prescribed, and coercive recovery can be restrained meanwhile. However, money already recovered by encashment of a bank guarantee, especially where the assessee consented to encashment and no stay was in force, is not ordinarily refundable. The appellate remedy on merits remains open, and any entitlement to the recovered amount depends on the outcome of that appeal. Case-Laws VAT and Sales Tax Tue, 12 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260040