TMI Blog2024 (9) TMI 813X X X X Extracts X X X X X X X X Extracts X X X X ..... ement made in Para-4 that a letter for de-freezing of bank account of the petitioner has been issued on 24th April 2024, the present contempt case is closed. However, keeping in mind the interest of the revenue it is left open to the opposite parties to take action in accordance with law including freezing of the tentative amount of tax liability (but not the bank account) of the petitioner. - H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at the respondent No. 2 is humbly submitted that the Court may direct the petitioner to furnish bank guaranties equal to the approximate tax liabilities of the petitioner amounting to Rs.14 Crore (prima facie detection) to secure tax liabilities, which the petitioner has wrongly availed Input Tax Credit in contravention of Section 16 (2) of the CGST Act, 2017 on the strength of invoices issued by ..... X X X X Extracts X X X X X X X X Extracts X X X X
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