1988 (4) TMI 386 - SCH - VAT and Sales Tax

the attachment will continue for a period of four months from today during which period the Sales Tax Department should complete the fresh assessments. Liberty is granted however to the appellant to apply to the Sales Tax Department for release of the bank accounts from attachment.

Summary

The Supreme Court granted special leave, allowed the appeal, set aside assessment and penalty orders, directed fresh assessments, and continued attachment of properties for four months. The appellant can apply for release of bank accounts from attachment. No costs awarded. Appeal allowed.