https://www.taxtmi.com/caselaws?id=250239 Provisional attachment of bank accounts under the Gujarat VAT regime is an extraordinary revenue-protection measure and must be used sparingly and reasonably during pending assessment or reassessment. Where there is admitted tax liability, non-filing of returns, and an assessment still pending, the power may be justified; however, the availability of unencumbered, marketable assets can support release of the attachment if adequate safeguards protect the revenue. On that basis, the bank accounts were directed to be unfrozen subject to an undertaking, preservation of identified flats, deposit of funds, and furnishing of a bank guarantee. en-us Mon, 24 Mar 2014 00:00:00 +0530 Tue, 21 Jul 2015 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250239 Provisional attachment of bank accounts under the Gujarat VAT regime is an extraordinary revenue-protection measure and must be used sparingly and reasonably during pending assessment or reassessment. Where there is admitted tax liability, non-filing of returns, and an assessment still pending, the power may be justified; however, the availability of unencumbered, marketable assets can support release of the attachment if adequate safeguards protect the revenue. On that basis, the bank accounts were directed to be unfrozen subject to an undertaking, preservation of identified flats, deposit of funds, and furnishing of a bank guarantee. Case-Laws VAT and Sales Tax Mon, 24 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250239