https://www.taxtmi.com/caselaws?id=795884 Release of a bank guarantee furnished for interim release of a seized conveyance may be permitted during a pending statutory appeal where the assessee has deposited the required portion of tax and penalty. The guarantee can be substituted with equivalent surety acceptable to the authority, while the appellate authority retains full power to determine the seizure-related issues. The substitution preserves security for the disputed liability without retaining the original bank guarantee, and the final position regarding the seized conveyance remains subject to the appeal's outcome. en-us Thu, 23 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795884 Release of a bank guarantee furnished for interim release of a seized conveyance may be permitted during a pending statutory appeal where the assessee has deposited the required portion of tax and penalty. The guarantee can be substituted with equivalent surety acceptable to the authority, while the appellate authority retains full power to determine the seizure-related issues. The substitution preserves security for the disputed liability without retaining the original bank guarantee, and the final position regarding the seized conveyance remains subject to the appeal's outcome. Case-Laws GST Thu, 23 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795884