https://www.taxtmi.com/caselaws?id=412320 The statutory requirement to record reasons in writing for pre-attachment under the Tripura Protection of Interests of Depositors in Financial Establishments Act, 2000 was treated as satisfied where contemporaneous material supported the Government's subjective satisfaction. Multiple depositor complaints, police action, prior prohibitory orders, district reports, and material indicating irregular deposit collection and related irregularities were relied on to justify attachment of the petitioner's properties. Although the notification did not itself set out detailed reasons, it was sustained because the administrative record disclosed a lawful basis for the decision. The challenge to the attachment therefore failed, and the notification was upheld. en-us Thu, 09 Sep 2021 00:00:00 +0530 Wed, 15 Sep 2021 09:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412320 The statutory requirement to record reasons in writing for pre-attachment under the Tripura Protection of Interests of Depositors in Financial Establishments Act, 2000 was treated as satisfied where contemporaneous material supported the Government's subjective satisfaction. Multiple depositor complaints, police action, prior prohibitory orders, district reports, and material indicating irregular deposit collection and related irregularities were relied on to justify attachment of the petitioner's properties. Although the notification did not itself set out detailed reasons, it was sustained because the administrative record disclosed a lawful basis for the decision. The challenge to the attachment therefore failed, and the notification was upheld. Case-Laws Indian Laws Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412320