https://www.taxtmi.com/caselaws?id=431533 The court found the attachment of the petitioner's bank accounts justified but deemed the continuation unnecessary for revenue protection. The court ordered the release of the HSBC account upon a bank guarantee and tax liability undertaking. The fixed deposit in DBS Bank sufficed for revenue protection. The petitioner must disclose immovable assets and ensure directors cover any additional tax liability personally if needed. en-us Tue, 29 Nov 2022 00:00:00 +0530 Wed, 16 Aug 2023 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431533 The court found the attachment of the petitioner's bank accounts justified but deemed the continuation unnecessary for revenue protection. The court ordered the release of the HSBC account upon a bank guarantee and tax liability undertaking. The fixed deposit in DBS Bank sufficed for revenue protection. The petitioner must disclose immovable assets and ensure directors cover any additional tax liability personally if needed. Case-Laws Income Tax Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431533