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    <title>2025 (12) TMI 1063 - BOMBAY HIGH COURT</title>
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    <description>HC disposed of the writ petition concerning provisional attachment of petitioner&#039;s bank accounts under s.83, accepting petitioner&#039;s without-prejudice proposal as fair and proportionate. Petitioner offered two fixed deposit receipts aggregating to approximately Rs.14 crores for provisional attachment, covering the alleged tax liability of Rs.13.69 crores for the relevant period. HC directed petitioner to furnish these fixed deposits for attachment, holding that such security adequately safeguards the revenue while recognizing that the impugned order is only a provisional attachment with a statutory life of one year. Respondent was left free to complete adjudication proceedings in accordance with law.</description>
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    <pubDate>Fri, 12 Dec 2025 00:00:00 +0530</pubDate>
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      <description>HC disposed of the writ petition concerning provisional attachment of petitioner&#039;s bank accounts under s.83, accepting petitioner&#039;s without-prejudice proposal as fair and proportionate. Petitioner offered two fixed deposit receipts aggregating to approximately Rs.14 crores for provisional attachment, covering the alleged tax liability of Rs.13.69 crores for the relevant period. HC directed petitioner to furnish these fixed deposits for attachment, holding that such security adequately safeguards the revenue while recognizing that the impugned order is only a provisional attachment with a statutory life of one year. Respondent was left free to complete adjudication proceedings in accordance with law.</description>
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