https://www.taxtmi.com/caselaws?id=189611 The High Court considered a revision filed by an assessee challenging a security demand of Rs. 1,41,300 imposed by the Tribunal based on a government notification. Despite transactions post-notification, the assessee provided Form-XXI and accounting records, showing proper goods management. As no evidence of tax evasion or improper accounting was found, the security demand was deemed unwarranted. The Court ordered the goods' release without requiring security, emphasizing the importance of accurate documentation and justified security demands in tax matters to prevent undue taxpayer burdens. en-us Wed, 27 Jan 2016 00:00:00 +0530 Sat, 14 Jan 2017 06:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189611 The High Court considered a revision filed by an assessee challenging a security demand of Rs. 1,41,300 imposed by the Tribunal based on a government notification. Despite transactions post-notification, the assessee provided Form-XXI and accounting records, showing proper goods management. As no evidence of tax evasion or improper accounting was found, the security demand was deemed unwarranted. The Court ordered the goods' release without requiring security, emphasizing the importance of accurate documentation and justified security demands in tax matters to prevent undue taxpayer burdens. Case-Laws VAT and Sales Tax Wed, 27 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189611