https://www.taxtmi.com/caselaws?id=331537 Provisional attachment under section 45 of the Gujarat VAT Act is a protective measure to safeguard revenue during assessment or reassessment, but it is harsh and must be used sparingly with due care. The Court found that the petitioners' estimated liability was limited and that the larger alleged liability was not shown on the material then available to be directly attributable to them. It further noted that interim protection had already reduced hardship by lifting bank account attachments and suspending the minimum stock condition, while immovable properties and the undertaking provided adequate security. The attachment was therefore sustained only over the immovable properties, with bank accounts kept released and movable properties freed subject to undertaking. en-us Thu, 11 Aug 2016 00:00:00 +0530 Fri, 26 Aug 2016 13:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331537 Provisional attachment under section 45 of the Gujarat VAT Act is a protective measure to safeguard revenue during assessment or reassessment, but it is harsh and must be used sparingly with due care. The Court found that the petitioners' estimated liability was limited and that the larger alleged liability was not shown on the material then available to be directly attributable to them. It further noted that interim protection had already reduced hardship by lifting bank account attachments and suspending the minimum stock condition, while immovable properties and the undertaking provided adequate security. The attachment was therefore sustained only over the immovable properties, with bank accounts kept released and movable properties freed subject to undertaking. Case-Laws VAT and Sales Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331537