TaxTMI 
TaxTMI 
2022 (9) TMI 1043
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....overnment Pleader Mr. Krutik Parikh waives service of Rule on behalf of the respondent State and its authorities. 2. Heard learned advocate Ms. Vidita Jayswal for the petitioner and learned Assistant Government Pleader for the respondent State and its authorities. 3. What is prayed in this petition filed under Article 226 of the Constitution is to set aside communication dated 7.5.2022 alongwith Satisfactory Note/order dated 6.5.2022 whereby the Current Account No. 920020067484110 of the petitioner with the Axis Bank, Shahibaug Branch, Ahmedabad came to be attached. 3.1 The petitioner firm is engaged in the trading of ferrous and nonferrous metal since last two years. It holds valid registration certificate under the Central Goods and Se....
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....nsh Impex failed to submit documentary evidences relating to the purchase of goods from M/s. Sabarmati Resources Limited. 3.5 It is recorded in the Satisfactory Note that one shri Murli Laluramji Kothari proprietor of petitioner M/s. Mitansh Impex appeared before the authority on 15.2.2022 and by filling written statement stated that he was not ready to pay liability raised from the purchases allegedly made from bogus firm. The allegation was that the petitioner M/s Mitansh Impex wrongfully availed the input tax credit amounted to Rs. 6,10,511/-, interest of Rs. 91,526/- paid upto 5.5.2022 and penalty of Rs. 91,577/- totalling to Rs. 7,93,613/- was payable. As a result, the current bank account of the petitioner came to be attached. 4. It....
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....he petitioner would not have entered into any transaction with the said party. Learned advocate for the petitioner urged that harsh step of freezing the current account may be removed. It was submitted that the petitioner was ready to give the bank guarantee of the tax amount. 4.3 In response to the submission of the petitioner regarding furnishing a bank guarantee in respect of the demand of tax, learned Assistant Government Pleader submitted that bank guarantee should be furnished in respect of the total amount including the interest and penalty as well. 5. As is seen above, the arrears of tax is of Rs. 6,10,511/- plus the interest amount of Rs. 91,526/- and penalty of an amount of Rs. 91,577/-. 5.1 The court does not find any reasonab....