https://www.taxtmi.com/caselaws?id=270172 When the estimated revenue demand was already secured by attachment of immovable properties of substantially higher value, continued attachment of all petitioners' bank accounts was found unnecessary and excessive under the Gujarat Value Added Tax Act, 2003. The court noted that the bank restraints could paralyse business operations, and therefore quashed the bank account attachments while maintaining the immovable property attachments. The release of the bank accounts was made conditional on the petitioners maintaining a minimum balance and cooperating in the assessment proceedings. en-us Fri, 30 Oct 2015 00:00:00 +0530 Wed, 20 Jul 2016 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270172 When the estimated revenue demand was already secured by attachment of immovable properties of substantially higher value, continued attachment of all petitioners' bank accounts was found unnecessary and excessive under the Gujarat Value Added Tax Act, 2003. The court noted that the bank restraints could paralyse business operations, and therefore quashed the bank account attachments while maintaining the immovable property attachments. The release of the bank accounts was made conditional on the petitioners maintaining a minimum balance and cooperating in the assessment proceedings. Case-Laws VAT and Sales Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270172