EMAMI LIMITED Vs. STATE OF U P

JUDGEMENT

(1.) WE have heard both sides and we are of the opinion that this writ petition can be finally disposed of at this stage itself.

(2.) BY Section 10 (8) of the U.P. Trade Tax Act, 1948, the Assessing Authority has been given the right to demand ''adequate' security to ''its satisfaction".

(3.) JUDGED on these parameters we are of the opinion that on the facts of the present case the Assessing Authority was not justified in demanding bank guarantee as security.