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    <title>2025 (4) TMI 1163 - DELHI HIGH COURT</title>
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    <description>HC held that continued complete provisional attachment of the petitioner&#039;s bank accounts in alleged GST evasion of about Rs. 15.09 crores was unwarranted, especially as over 16 months had passed since the panchnama and one year since the attachment order. The Court noted that the alleged evasion was yet to be adjudicated and the petitioner was a running concern paying substantial taxes, with assets disclosed through a CA certificate. HC directed that only 10% of the alleged amount be secured by maintaining a minimum bank balance, and lifted the attachment on the remaining funds. Petition disposed of.</description>
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    <pubDate>Tue, 15 Apr 2025 00:00:00 +0530</pubDate>
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      <title>2025 (4) TMI 1163 - DELHI HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=769249</link>
      <description>HC held that continued complete provisional attachment of the petitioner&#039;s bank accounts in alleged GST evasion of about Rs. 15.09 crores was unwarranted, especially as over 16 months had passed since the panchnama and one year since the attachment order. The Court noted that the alleged evasion was yet to be adjudicated and the petitioner was a running concern paying substantial taxes, with assets disclosed through a CA certificate. HC directed that only 10% of the alleged amount be secured by maintaining a minimum bank balance, and lifted the attachment on the remaining funds. Petition disposed of.</description>
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      <law>GST</law>
      <pubDate>Tue, 15 Apr 2025 00:00:00 +0530</pubDate>
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