Seeking to lift attachment of Bank Accounts - recovery of dues ...

Court Rules: Director's Personal Account Can't Be Targeted for Company's VAT, Sales Tax Liabilities; Lifts IDBI Bank Attachment.

April 22, 2022

Case Laws VAT and Sales Tax HC

Seeking to lift attachment of Bank Accounts - recovery of dues payable by the Company - when it comes to recovering the dues from the company towards liability incurred under the Act, the Department cannot proceed against the individual Director of the Company. It is not in dispute that the bank account is the personal account of the Director. - The attachment so far as the Current Account maintained with IDBI Bank stands hereby lifted - HC

View Source

← Previous Next →

Seeking to lift attachment of Bank Accounts - recovery of dues ...

Court Rules: Director's Personal Account Can't Be Targeted for Company's VAT, Sales Tax Liabilities; Lifts IDBI Bank Attachment.

April 22, 2022

Case Laws VAT and Sales Tax HC

You may also like:

The HC quashed attachment orders dated 19.01.2013, 17.02.2014, and 01.05.2015 against directors' personal properties under the Gujarat Value Added Tax Act, 2003....

Provisional attachment of personal property of the director in case of company - recovery of tax - Input tax credit - dealer would be the company and not the directors -...

ITAT ruled against double taxation of personal credit card expenses initially disallowed under s.37(1) in company's returns. Where company had already acknowledged...

Income Taxes - Ind AS-12 of the Companies (Indian Accounting Standards) Rules, 2015 as amended

The case pertains to the levy of service tax under the reverse charge mechanism (RCM) on rental payments made by a company to its directors for renting immovable...

The appeal filed by the assessee company was dismissed by the Income Tax Appellate Tribunal on the grounds that the Form 36 (memo of appeal) was not duly verified as per...

Default in payment of Tax by the Company - Charge levied on personal properties of Directors (for default of company) - the attachment of the properties is beyond the...

Sales Tax / VAT - Himani Navratan Oil liable to tax as Ayurvedic medicament, not as Cosmetic

Jurisdiction - power of Sales Tax Officer u/s 67 of the VAT Act to seize the books of accounts - The Calcutta High Court held that, since the Sales Tax Officer, who...

The case before the Calcutta High Court involved the classification of a company for taxation purposes. The court determined that the appellant company did not qualify...

This notification amends the Companies (Indian Accounting Standards) Rules, 2015 by inserting provisions related to accounting for sale and leaseback transactions under...

Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020 - Notification

Companies (Appointment and Qualification of Directors) Amendment Rules, 2018 - Notification

Companies (Director Identification Number) Amendment Rules,2012. - Notification

Dishonor of Cheque - Personal liability of the Director / Signatory of the Company - The appellant is not entitled to contend that the offence has been committed by the...

Quick Updates: