https://www.taxtmi.com/caselaws?id=261634 The court ruled in favor of the petitioner, declaring the attachment of the bank accounts illegal. The court found that the respondent's actions did not comply with the provisions of the Finance Act, 1994, specifically Sections 73 and 73-C. As the respondent had not concluded the proceeding under Section 73 to determine the amount due from the petitioner, invoking Section 87(b)(iii) to attach the accounts was deemed unjustified. The court quashed the communications directing the banks to freeze the petitioner's accounts, thereby upholding the petitioner's argument and granting relief. en-us Wed, 03 Apr 2013 00:00:00 +0530 Thu, 15 Oct 2015 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261634 The court ruled in favor of the petitioner, declaring the attachment of the bank accounts illegal. The court found that the respondent's actions did not comply with the provisions of the Finance Act, 1994, specifically Sections 73 and 73-C. As the respondent had not concluded the proceeding under Section 73 to determine the amount due from the petitioner, invoking Section 87(b)(iii) to attach the accounts was deemed unjustified. The court quashed the communications directing the banks to freeze the petitioner's accounts, thereby upholding the petitioner's argument and granting relief. Case-Laws Service Tax Wed, 03 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261634