In pursuance of this direction the Board of Revenue on 26 12 1988 decided the dispute afresh and held that since obligation in the bond was to pay a fixed sum of money to Government on companydition that the companydition shall be void if a specified act was number performed the document was a bond and number an agreement.
This circular was quashed by the High Court and the Board of Revenue was directed to decide afresh after affording opportunity of hearing to the distiller.
This order was challenged again by the distiller in the High Court.
It is the companyrectness of this view that has been assailed by the State.
