Cash Credit Account Attachment can not be done by income Tax department : Calcutta High Court
Question :Can the Cash Credit Account Attachment be done by the Income Tax department in case of Tax Demand ? Held I discharge the attachment with regard to the cash credit account of the petitioner with Allahabad Bank, Bowbazar Branch. In this, I am supported by a decision of the Madras High Court in K.M. Adam v. ITO [1958]… Read More »