Delhi HC permitted assessee to collect 2 crores from provisionally attached bank accounts to pay salaries of employees
- Blog|News|GST & Customs|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 28 August, 2021
Latest from Taxmann
Case details: SPNN Business Services (P.) Ltd. v. Commissioner of Central Tax (GST), Delhi - [2021] 129 taxmann.com 207 (Delhi)
Judiciary and Counsel Details
-
- Rajiv Shakdher and Talwant Singh, JJ.
- Tarun Gulati, Sr. Adv, Ms. Vibhooti Malhotra and Bhuvnesh Satija, Advs. for the Petitioner.
- Satish Aggarwala, SPP, Jasneet Jolly, Gagan Vaswani, Advs. and I.O. Ajab Singh for the Respondent.
Facts of the Case
The Adjudicating Authority issued an order to provisionally attach eleven bank accounts of the petitioner company. The petitioner company was not able to pay salaries and other dues of its employees and it was also not able to pay amounts claimed by department. It approached High Court for interim directions for lifting provisional attachment so that its bank accounts could become operable and it would be able to pay salaries and other dues concerning its employees and also pay amounts claimed by department.
High Court Held
The Honorable High Court observed that the provisional attachment was ordered by the department due to which 11 bank accounts of the petitioner company have become inoperable. It was also observed that department had not carried out an assessment yet. The cumulative amount outstanding as per department would be Rs. 20.22 crores which includes the principal amount of Rs. 17.26 crores and interest amounting to Rs. 2.96 crores. However, presently, the concern of the Court was with regard to the employees engaged by the petitioner-company. Therefore, it was directed to permit the petitioner company to collect from bank accounts a sum of Rs. 2 crores to pay salaries of employees and balance amount available in bank accounts will be deposited with department.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
