2016 (9) TMI 268

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..... he possible tax liability even according to the department if all charges against the petitioner are proved, the condition of maintaining a minimum balance of ₹ 25 lakhs in the bank account imposed under the said interim order dated 28.04.2016 would require no further upward adjustment – petitioner to continue to maintain minimum balance till the completion of assessment – petition disposed .....

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..... es were also not genuine and that therefore the petitioner had evaded tax. On such basis, in order to protect the interest of the Revenue, the said order of attachment came to be passed. 2. Case of the petitioner is that none of the purchases were bogus. The registrations were canceled later on. Even if these dealers had indulged into bogus billing activities in some cases, by itself, would not .....

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..... e meanwhile, the respondents shall lift the attachment made on the petitioners bank account No. 29510200000465 maintained with Bank of Baroda, Thaltej Branch, subject to the petitioner maintaining a balance of ₹ 25 lakh till further orders. 4. Thus, on the condition of the petitioner's maintaining a minimum balance of ₹ 25 lacs in the said account, the order of attachment was .....

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