Sunday, 27 July 2014

Department could demand security from VAT dealer if it was managed by a director of another defaulti

CST & VAT : Where department has raised demand for security based on fears that assessee would descend into non-compliance, as assessee was being managed by a director of defaulting company, said demand of security was valid and assessee's plea of hardship and jeopardy to his business is irrelevant


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