https://www.taxtmi.com/caselaws?id=159826 For garnishee-style recovery under section 14 of the Karnataka Sales Tax Act, only money actually due to the dealer or held on the dealer's account can be attached. A sanctioned overdraft or credit facility is merely a contractual limit for advancing funds; it does not create money owed by the bank to the dealer, and where the account is in debit with no credit balance, there is nothing attachable for tax recovery. The bank is therefore not required to remit the sanctioned credit limit to the tax department. en-us Fri, 18 Sep 1998 00:00:00 +0530 Mon, 02 Dec 2013 16:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159826 For garnishee-style recovery under section 14 of the Karnataka Sales Tax Act, only money actually due to the dealer or held on the dealer's account can be attached. A sanctioned overdraft or credit facility is merely a contractual limit for advancing funds; it does not create money owed by the bank to the dealer, and where the account is in debit with no credit balance, there is nothing attachable for tax recovery. The bank is therefore not required to remit the sanctioned credit limit to the tax department. Case-Laws VAT and Sales Tax Fri, 18 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159826