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- Whether cash-credit facility can be provisionally attached ?
Whether cash-credit facility can be provisionally attached ?
TRT-2026-1088
Issue Favourable to Tax Payer ?:- yes
Held - Cash-credit facility is also a bank account issued by the bank in favour of the petitioner wherefrom the petitioner is using credit facility for the purpose of his business. It is found from the record of the case that even the petitioner has been paying GST from the said cash-credit account. Be that as it may, it is held by this Court that cash credit facility is not a debt and therefore, it cannot be made attachable. This Court is bou.....
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