https://www.taxtmi.com/caselaws?id=384479 Attachment of a company's bank account for recovery of a director's unpaid penalty under the Tamil Nadu Value Added Tax Act was addressed by balancing the company's separate juristic status against the Revenue's power to attach monies due or becoming due to the dealer. The tax liability under the revised assessment had already been discharged, but the penalty component remained unpaid. Relief was made conditional on payment of part of the penalty, credit for the amount already recovered, and security for the balance by personal bond. The attachment was to be raised on compliance, with automatic revival if the underlying penalty order was not challenged within the stipulated time. en-us Thu, 08 Aug 2019 00:00:00 +0530 Fri, 16 Aug 2019 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384479 Attachment of a company's bank account for recovery of a director's unpaid penalty under the Tamil Nadu Value Added Tax Act was addressed by balancing the company's separate juristic status against the Revenue's power to attach monies due or becoming due to the dealer. The tax liability under the revised assessment had already been discharged, but the penalty component remained unpaid. Relief was made conditional on payment of part of the penalty, credit for the amount already recovered, and security for the balance by personal bond. The attachment was to be raised on compliance, with automatic revival if the underlying penalty order was not challenged within the stipulated time. Case-Laws VAT and Sales Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384479