https://www.taxtmi.com/caselaws?id=369488 Provisional attachment of factory premises, stock and bank accounts was treated as capable of suspension where it would otherwise cripple an ongoing business before tax liabilities were crystallised. The Gujarat HC noted that the attachments rested on a prima facie case of bogus billing and potential tax and penalty exposure, but also that the petitioner carried on legitimate business, the stock was perishable, assessment proceedings were pending, and a substantial amount had already been deposited in the ledger account. Balancing these interests, the Court suspended the attachments subject to safeguards protecting the Revenue, including maintenance of stock and furnishing an unconditional bank guarantee. en-us Fri, 26 Oct 2018 00:00:00 +0530 Thu, 27 Feb 2025 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369488 Provisional attachment of factory premises, stock and bank accounts was treated as capable of suspension where it would otherwise cripple an ongoing business before tax liabilities were crystallised. The Gujarat HC noted that the attachments rested on a prima facie case of bogus billing and potential tax and penalty exposure, but also that the petitioner carried on legitimate business, the stock was perishable, assessment proceedings were pending, and a substantial amount had already been deposited in the ledger account. Balancing these interests, the Court suspended the attachments subject to safeguards protecting the Revenue, including maintenance of stock and furnishing an unconditional bank guarantee. Case-Laws GST Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369488