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2017 (7) TMI 828 - MADRAS HIGH COURTAttachment of Bank Account - petitioner's case is that on account of the floods, the entire office premises was inundated and they could not filed objections to the notice dated 09.06.2016 - the petitioner would submit that so far as the inter-state sales not covered by the C Forms, the Assessing Officer has assessed the transaction at a higher rate of tax at 5% and in respect of the claim for exemption on stock transfer, the same has been disallowed for want of declaration Forms - Held that: - it is seen that the major component of tax due is on account of the rejection of claim for exemption on stock transfer for want of declaration Forms - there is no material before this Court to show that as to what steps have been taken by the petitioner to secure the duplicate F Forms. However, considering the fact that the assessment was completed by an order dated 29.07.2016. The petitioner has produced substantial proof of Forms and the Assessing Officer also given due credit to the said Forms. Therefore, I am of the view that it is not a case of lack of bonafide but appears to be a genuine difficulty. For that reason, this Court is inclined to issue appropriate directions to be complied with by the petitioner and simultaneously safeguarding the interest of the Revenue - petition allowed.
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