https://www.taxtmi.com/caselaws?id=29511 The High Court of Allahabad ruled in favor of the petitioner company, M/s. Shaukat Trading Co. (P) Ltd., in a case involving the Tax Recovery Officer's attachment of funds from the company's accounts without proper notice. The court found the attachment invalid as no notice was issued to the company, which held the funds independently. The company was unlawfully deprived of funds and awarded 6% interest on the refunded amount of Rs. 2,34,040.40. The judgment emphasized fair treatment and rightful entitlement, allowing for further legal actions by the respondents if needed. en-us Tue, 11 Aug 1981 00:00:00 +0530 Sat, 13 Mar 2010 13:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29511 The High Court of Allahabad ruled in favor of the petitioner company, M/s. Shaukat Trading Co. (P) Ltd., in a case involving the Tax Recovery Officer's attachment of funds from the company's accounts without proper notice. The court found the attachment invalid as no notice was issued to the company, which held the funds independently. The company was unlawfully deprived of funds and awarded 6% interest on the refunded amount of Rs. 2,34,040.40. The judgment emphasized fair treatment and rightful entitlement, allowing for further legal actions by the respondents if needed. Case-Laws Income Tax Tue, 11 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29511