Provisional Attachment under VAT Act Section 45 Expires After One Year; Bank Accounts and House No Longer Attached.

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Full Text of the Document

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....The order of provisional attachment is one year from the date of the order made under sub-section (1) of Section 45 of the VAT Act, 2003 - In such circumstances, the three bank accounts as well as the residential house cannot be said to be in any sort of attachment. This fact should be brought to the notice of the three banks.....