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VAT - Highlights / Catch Notes

Home Highlights September 2022 Year 2022 This

Non-disbursal of loan due to tax default - Since the ...

VAT and Sales Tax

September 5, 2022

Non-disbursal of loan due to tax default - Since the disbursement of loan was based on the public money, considering the public interest and that of the Bank, withheld the loan granted to the petitioner, if the petitioner is able to provide equal alternate property as security without any encumbrance, the same can be considered, with the present property, the loan cannot be disbursed. - HC

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