https://www.taxtmi.com/caselaws?id=329884 During pending assessment, the Gujarat VAT Act permits provisional attachment of a dealer's property to safeguard revenue, including where the materials suggest possible bogus billing activity. The Court therefore sustained the protective attachment in substance, while modifying it by allowing release of stock subject to minimum stock maintenance and an undertaking; attachment of immovable property remained in place. It further held that amounts recovered from the dealer could not be credited to other dealers' accounts, but had to remain as the dealer's deposit and be adjustable only against the dealer's eventual tax, interest or penalty liability on completion of assessment. en-us Thu, 07 Jul 2016 00:00:00 +0530 Mon, 19 Mar 2018 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329884 During pending assessment, the Gujarat VAT Act permits provisional attachment of a dealer's property to safeguard revenue, including where the materials suggest possible bogus billing activity. The Court therefore sustained the protective attachment in substance, while modifying it by allowing release of stock subject to minimum stock maintenance and an undertaking; attachment of immovable property remained in place. It further held that amounts recovered from the dealer could not be credited to other dealers' accounts, but had to remain as the dealer's deposit and be adjustable only against the dealer's eventual tax, interest or penalty liability on completion of assessment. Case-Laws VAT and Sales Tax Thu, 07 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329884