https://www.taxtmi.com/caselaws?id=758569 The High Court closed a contempt proceeding after recording the affidavit statement that a de-freezing letter for the petitioner's bank accounts had been issued and intimated. It also noted that the revenue retained liberty to act in accordance with law, including taking steps to secure the tentative tax liability, but the order did not permit freezing the petitioner's bank accounts. Although the affidavit referred to a request for bank guarantees, no direction was issued requiring the petitioner to furnish such security. The operative effect was closure of the contempt matter on the basis of de-freezing, while preserving lawful revenue action subject to the stated limitation. en-us Fri, 26 Apr 2024 00:00:00 +0530 Sun, 11 May 2025 00:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758569 The High Court closed a contempt proceeding after recording the affidavit statement that a de-freezing letter for the petitioner's bank accounts had been issued and intimated. It also noted that the revenue retained liberty to act in accordance with law, including taking steps to secure the tentative tax liability, but the order did not permit freezing the petitioner's bank accounts. Although the affidavit referred to a request for bank guarantees, no direction was issued requiring the petitioner to furnish such security. The operative effect was closure of the contempt matter on the basis of de-freezing, while preserving lawful revenue action subject to the stated limitation. Case-Laws GST Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758569