2004 (9) TMI 632

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..... t. The petitioner is challenging the findings in exhibit P8. If the findings are true then of course there is no case for any interference at all. In the first place the officer has stated that the owner of the mill which is stated to have been taken on lease by the petitioner has informed him that he does not know the whereabouts of the petitioner. Further the sureties offered by the petitioner a .....

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..... stration. Registration will serve better accountability than allowing business to be carried on by dealers without registration. However the assessing officer will be perfectly justified in demanding proper security for granting registration. The purpose of the security is to recover tax in the event of default and therefore the asset offered towards security should be capable of easy conversio .....

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..... simultaneous direction to the petitioner to produce proper lease deed for the business place and godown and offer security in the form of bank guarantee or landed property, with title deed and possession certificate issued by the Village Officer. Assessing officer will verify the lease deed, summon the building owner and ensure that there is proper lease and thereafter consider the same if necess .....

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