https://www.taxtmi.com/article/detailed?id=5276 Section 87 prescribes specific recovery modes for amounts due to the Central Government-deduction from monies, notices to third parties holding funds, distraint and sale, and district collector certificate recovery-and binds third parties to comply without production of deposit documents. The Karnataka High Court held that these powers apply only after tax is determined as payable, rendering pre adjudication freezing of a taxpayer's bank account under Section 87 unjustified; subsequent adjudicated demands may be challenged or met by furnishing security such as a bank guarantee. en-us Thu, 12 Sep 2013 10:51:32 +0530 Thu, 12 Sep 2013 10:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5276 Section 87 prescribes specific recovery modes for amounts due to the Central Government-deduction from monies, notices to third parties holding funds, distraint and sale, and district collector certificate recovery-and binds third parties to comply without production of deposit documents. The Karnataka High Court held that these powers apply only after tax is determined as payable, rendering pre adjudication freezing of a taxpayer's bank account under Section 87 unjustified; subsequent adjudicated demands may be challenged or met by furnishing security such as a bank guarantee. Articles Service Tax Thu, 12 Sep 2013 10:51:32 +0530 https://www.taxtmi.com/article/detailed?id=5276