https://www.taxtmi.com/caselaws?id=235051 Provisional attachment of a dealer's bank account and stock under the Gujarat Value Added Tax Act was treated as a drastic measure requiring restraint while assessment proceedings remained pending. The court noted that the bank balance was insignificant, the attached stock was substantial, no discrepancy was found between physical stock and the stock register during the spot visit, and the disputed purchases predated cancellation of some sellers' registrations. Balancing business continuity against revenue protection, the attachment was lifted subject to safeguards, including maintenance of minimum stock of the prescribed value and filing of an undertaking within the stipulated time. en-us Thu, 09 May 2013 00:00:00 +0530 Sat, 19 Jul 2014 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235051 Provisional attachment of a dealer's bank account and stock under the Gujarat Value Added Tax Act was treated as a drastic measure requiring restraint while assessment proceedings remained pending. The court noted that the bank balance was insignificant, the attached stock was substantial, no discrepancy was found between physical stock and the stock register during the spot visit, and the disputed purchases predated cancellation of some sellers' registrations. Balancing business continuity against revenue protection, the attachment was lifted subject to safeguards, including maintenance of minimum stock of the prescribed value and filing of an undertaking within the stipulated time. Case-Laws VAT and Sales Tax Thu, 09 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235051