Saturday 27 June 2015

Department can't attach new properties if it already attached assets having value more than the tax

CST & VAT : Gujarat VAT - Where against estimated liability of assessee of Rs. 4.5 crores, his immovable property worth Rs. 5 crores was already under attachment, interest of Government revenue had been fully protected and, therefore, provisional attachment of bank accounts of assessee under section 45 was not justified

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