Authority couldn't cancel registration on non-furnishing of security when it demanded unreasonable a

CST & VAT: Where Assessing Authority demanded additional security from assessee and on his failure to furnish same cancelled his registration certificates, since Assessing Authority without taking into account provisions of section 17 of Kerala Value Added Tax Act, 2003 and section 7 of Central Sales Tax Act, 1956 had demanded additional security and cancelled registration certificates, impugned proceedings were set aside