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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
April, 25th 2024

The Delhi High Court directed the assesee’s bank, Canara Bank to comply with the instruction to vacate while executing the order for attachment on cash credit of the assessee  under the Goods and Service Tax ( GST ) Act, 2017. Mr. R.P. Singh and Mr. Mulayam Singh appeared for the petitioner. Mr. Anurag Ojha Mr. Subham Kumar and Mr. Arun Aggarwal appeared for the respondent. M/S Sant Steel And Alloys Private Limited, the petitioner challenged the order whereby the cash credit account of the petitioner in Canara Bank has been attached. Counsel for the petitioner submitted that after filing of…

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