2024 (9) TMI 813 - HC - GST

Wrongful availment of Input Tax Credit - Seeking for de-freezing of bank accounts of the petitioner - HELD THAT - Having regard to the statement 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.

Summary

The High Court of Jharkhand closed a contempt case after a letter was issued to de-freeze the petitioner's bank accounts. The court allowed the opposite parties to take action to secure tax liabilities of Rs.14 Crore.