Sterne India Pvt. Ltd Vs Union Of India
Date: September 8, 2021
Subject Matter
Impending proceedings under Section 74 cannot be a ground to exercise power under Section 83 for the provisional attachment
Summary
In the present case, it must be noticed that the taxable entity to which the proceedings were taken out is an entity other than the petitioner and in the context of which search has been conducted with respect to the petitioner. Admittedly, no procee…
The petitioner has sought for setting aside the provisional attachment of bank accounts maintained with HDFC bank as per the communication dated 21.09.2020 at Annexure-A and has sought for appropriate direction to the respondent No.2 to defreeze the petitioner’s bank accounts. 2. The petitioner is stated to be a Company registered under the Karnataka Goods and Service Tax Act, 2017 and engag…