https://www.taxtmi.com/caselaws?id=394463 The court found the attachment and recovery proceedings initiated by the respondent hasty and not in compliance with established guidelines and principles of due process. The court directed the respondents to refund the amount to the appellant Bank upon submission of a Bank Guarantee covering the sum. The Bank Guarantee was to be retained until the appeal's resolution, with the refund deadline set at two weeks from its submission. The court emphasized the importance of adhering to guidelines in attachment and recovery proceedings and modifying the Single Judge's judgment accordingly. en-us Mon, 20 Jan 2020 00:00:00 +0530 Wed, 19 Aug 2020 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394463 The court found the attachment and recovery proceedings initiated by the respondent hasty and not in compliance with established guidelines and principles of due process. The court directed the respondents to refund the amount to the appellant Bank upon submission of a Bank Guarantee covering the sum. The Bank Guarantee was to be retained until the appeal's resolution, with the refund deadline set at two weeks from its submission. The court emphasized the importance of adhering to guidelines in attachment and recovery proceedings and modifying the Single Judge's judgment accordingly. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394463