https://www.taxtmi.com/caselaws?id=428098 Order addresses attachment of a petitioners current bank account and prescribes security limited to the assessed tax amount only. The court declined the respondents submission that a bank guarantee must also cover interest and penalty while adjudication remains pending, concluding that a guarantee for the tax arrears of Rs. 6,10,511 adequately secures revenue interests. The attachment of the specified account is set aside and will be lifted on the condition that the petitioner furnishes a bank guarantee equivalent to the assessed tax amount, thereby restoring access subject to that security. en-us Wed, 24 Aug 2022 00:00:00 +0530 Mon, 07 Apr 2025 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428098 Order addresses attachment of a petitioners current bank account and prescribes security limited to the assessed tax amount only. The court declined the respondents submission that a bank guarantee must also cover interest and penalty while adjudication remains pending, concluding that a guarantee for the tax arrears of Rs. 6,10,511 adequately secures revenue interests. The attachment of the specified account is set aside and will be lifted on the condition that the petitioner furnishes a bank guarantee equivalent to the assessed tax amount, thereby restoring access subject to that security. Case-Laws GST Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428098