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    <title>Legal Challenge Succeeds: Partial Bank Account Release Granted with 10% Security in GST Evasion Case</title>
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    <description>HC partially allowed the petition challenging provisional attachment of bank accounts for alleged GST evasion. The court found that complete bank account attachment would prejudice the petitioner&#039;s business operations. The ruling mandates maintaining a 10% minimum balance as security while the GST evasion matter is adjudicated. The alleged tax evasion amount of Rs. 15.09 crores does not warrant immediate full attachment, considering the petitioner&#039;s ongoing business and tax compliance history. The provisional attachment order was modified to permit limited operational banking access pending final determination of the tax dispute.</description>
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    <pubDate>Tue, 22 Apr 2025 08:31:22 +0530</pubDate>
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      <title>Legal Challenge Succeeds: Partial Bank Account Release Granted with 10% Security in GST Evasion Case</title>
      <link>https://www.taxtmi.com/highlights?id=87651</link>
      <description>HC partially allowed the petition challenging provisional attachment of bank accounts for alleged GST evasion. The court found that complete bank account attachment would prejudice the petitioner&#039;s business operations. The ruling mandates maintaining a 10% minimum balance as security while the GST evasion matter is adjudicated. The alleged tax evasion amount of Rs. 15.09 crores does not warrant immediate full attachment, considering the petitioner&#039;s ongoing business and tax compliance history. The provisional attachment order was modified to permit limited operational banking access pending final determination of the tax dispute.</description>
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      <pubDate>Tue, 22 Apr 2025 08:31:22 +0530</pubDate>
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