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2016 (9) TMI 268 - HC - VAT and Sales TaxAttachment of bank account - section 45(1) of the VAT Act – purchases made from dealers whose registrations were cancelled – genuinity of transactions of petitioner with such dealers - assessment proceedings in progress – Held that: - the entire assessment is yet to be completed and considering the 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 off – decided in favor of petitioner.
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