https://www.taxtmi.com/caselaws?id=329684 Pending tax appeals before the Tribunal did not justify continued freezing of the assessee's bank accounts under the Karnataka Value Added Tax Act, 2003, especially after 30% of the demand had already been deposited and the Tribunal had required a bank guarantee for the balance. The Court held that complete attachment or freeze would serve no useful purpose while the substantive appeals remained undecided, so the assessee was allowed to operate its bank accounts and the recovery direction was kept in abeyance for the interregnum. The amount already transferred to the revenue was permitted to remain with it. en-us Thu, 09 Jun 2016 00:00:00 +0530 Thu, 07 Jul 2016 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329684 Pending tax appeals before the Tribunal did not justify continued freezing of the assessee's bank accounts under the Karnataka Value Added Tax Act, 2003, especially after 30% of the demand had already been deposited and the Tribunal had required a bank guarantee for the balance. The Court held that complete attachment or freeze would serve no useful purpose while the substantive appeals remained undecided, so the assessee was allowed to operate its bank accounts and the recovery direction was kept in abeyance for the interregnum. The amount already transferred to the revenue was permitted to remain with it. Case-Laws VAT and Sales Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329684