2017 (6) TMI 382

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..... evisionist to deposit cash security - Held that: - It is not in dispute that revisionist is a registered dealer under U.P. VAT Act in the State, and in case any ultimate liability towards tax or penalty is imposed upon it, the same can always be realized - seized goods shall be released by the authorities, in case the revisionist submits an indemnity bond for the disputed amount in question - revi .....

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..... any liability is fixed, the same can be realized and there was no justification for the authorities to require the revisionist to deposit cash security. Learned Standing Counsel submits that materials did exist on record before the authorities to sustain seizure and condition of deposit of 10% amount security is not illegal. I have heard learned counsel for the parties and have perused the .....

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