https://www.taxtmi.com/caselaws?id=156502 A garnishee-type tax recovery notice attaches only to money due to, or held for, the assessee at the time of notice. Once the bank remitted the amount then standing to the assessee's credit, the notice was satisfied and exhausted. A later demand draft was not covered because liability under the notice depended on a subsisting relationship and existing funds at the date of notice. Applying the same principle recognised under section 46(5A) of the Indian Income-tax Act, 1922 to section 17(1) of the Andhra Pradesh General Sales Tax Act, 1957, the HC held that the bank did not violate the notice. en-us Mon, 21 Apr 1986 00:00:00 +0530 Fri, 20 Sep 2013 17:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156502 A garnishee-type tax recovery notice attaches only to money due to, or held for, the assessee at the time of notice. Once the bank remitted the amount then standing to the assessee's credit, the notice was satisfied and exhausted. A later demand draft was not covered because liability under the notice depended on a subsisting relationship and existing funds at the date of notice. Applying the same principle recognised under section 46(5A) of the Indian Income-tax Act, 1922 to section 17(1) of the Andhra Pradesh General Sales Tax Act, 1957, the HC held that the bank did not violate the notice. Case-Laws VAT and Sales Tax Mon, 21 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156502