https://www.taxtmi.com/caselaws?id=298341 The court found the rejection of the solvency certificate application to be arbitrary and mala fide. The petition was allowed, the rejection order was quashed, and the Collector was directed to reconsider the application. No costs were awarded, and the security amount was to be refunded to the petitioner. en-us Wed, 01 Aug 1973 00:00:00 +0530 Wed, 27 Oct 2021 11:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298341 The court found the rejection of the solvency certificate application to be arbitrary and mala fide. The petition was allowed, the rejection order was quashed, and the Collector was directed to reconsider the application. No costs were awarded, and the security amount was to be refunded to the petitioner. Case-Laws Indian Laws Wed, 01 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298341