1989 (12) TMI 339

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..... : "31 (1). Where it is provided in the Act that an appellant (or an applicant in revision proceedings). shall furnish security in regard to the payment of tax, or fee or other amount, the appellant (or applicant) or any person on his behalf shall furnish personal or property security, along with a security bond in form XIX or a bank guarantee in form XIX-C as the authority before which the appea .....

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..... in full force and effect until the expiry of three months from the date of receipt of the appellate or revisional order by the appellant/applicant. The security bond shall thereafter be released by necessary endorsement on the original and returned to the appellant/ applicant. The bank guarantee furnished shall become part and parcel of the records of the assessing and appellate or revisional auth .....

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..... e is to furnish security in regard to the payment of tax or fee or other amount along with a security bond in form XIX as the authority before which the appeal or application is preferred may, in its discretion, direct. The rule does not say that it should be to the satisfaction of the assessing authority. He has to file a security bond or furnish bank guarantee or other security to the appellate .....

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