https://www.taxtmi.com/caselaws?id=160283 A taxing authority cannot direct a bank to stop transactions or hold a dealer's money before final assessment unless the statute clearly authorises that step and all conditions are satisfied. Section 17 was held to apply only where tax, penalty, or fee is already in arrears, so it could not be used to anticipate a future liability when no demand had been raised. Any attachment of bank funds, if permissible at all, had to proceed under section 17-B with the Commissioner's prior approval. The notices were therefore without jurisdiction and unsustainable. en-us Thu, 05 Aug 1999 00:00:00 +0530 Fri, 13 Dec 2013 18:11:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160283 A taxing authority cannot direct a bank to stop transactions or hold a dealer's money before final assessment unless the statute clearly authorises that step and all conditions are satisfied. Section 17 was held to apply only where tax, penalty, or fee is already in arrears, so it could not be used to anticipate a future liability when no demand had been raised. Any attachment of bank funds, if permissible at all, had to proceed under section 17-B with the Commissioner's prior approval. The notices were therefore without jurisdiction and unsustainable. Case-Laws VAT and Sales Tax Thu, 05 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160283