Proex Fashion Private Limited Vs Union Of India
Date: January 6, 2021
Subject Matter
Power to attach the bank account cannot be extended to cover situations which are not expressly contemplated by section 83
Summary
1. The attachment of bank account entails serious consequences to the assessee, particularly in the case of a running concern such as the petitioner herein. The power to attach the bank account must therefore be exercised only in strict compliance wi…
The proceedings in the matter have been conducted through video conferencing. 1. By way of the present petition, the petitioner seeks to challenge a communication dated 25.11.2020/01.12.2020 (Annexure-9 to the writ petition), by which the bank account of the petitioner in the respondent no.3-Bank (“the Bank”) has been attached by respondent no. 2, purportedly under Section 83 of the Ce…