https://www.taxtmi.com/caselaws?id=441485 A provisional attachment under Section 35(1) of the Maharashtra Value Added Tax Act lapses after one year unless the period is validly extended under the proviso to Section 35(2). As no extension had been exercised, the attachment on the petitioner's mutual fund units and shares had ceased to operate by efflux of time and was no longer enforceable. The Court confined relief to the petitioner's own securities, even though the attachment had been treated as composite against the company and the petitioner, and left other statutory contentions and powers open. en-us Mon, 31 Jul 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:56:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441485 A provisional attachment under Section 35(1) of the Maharashtra Value Added Tax Act lapses after one year unless the period is validly extended under the proviso to Section 35(2). As no extension had been exercised, the attachment on the petitioner's mutual fund units and shares had ceased to operate by efflux of time and was no longer enforceable. The Court confined relief to the petitioner's own securities, even though the attachment had been treated as composite against the company and the petitioner, and left other statutory contentions and powers open. Case-Laws VAT and Sales Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441485