https://www.taxtmi.com/caselaws?id=373860 A cash credit account maintained with a bank was treated as a borrowing facility, not a deposit belonging to the account-holder. On that basis, the Gujarat HC held that the relationship in respect of such an account is not one of debtor and creditor for attachment purposes, so the amount cannot be treated as the account-holder's property under section 45(7) of the Gujarat Value Added Tax Act, 2003. The account was therefore not liable to attachment, and release was directed. en-us Fri, 18 Jan 2019 00:00:00 +0530 Tue, 22 Jan 2019 08:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373860 A cash credit account maintained with a bank was treated as a borrowing facility, not a deposit belonging to the account-holder. On that basis, the Gujarat HC held that the relationship in respect of such an account is not one of debtor and creditor for attachment purposes, so the amount cannot be treated as the account-holder's property under section 45(7) of the Gujarat Value Added Tax Act, 2003. The account was therefore not liable to attachment, and release was directed. Case-Laws VAT and Sales Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373860