Cash Credit Account is not a Debt and Cannot be Made Attachable: Calcutta HC Sets aside Attachment Order [Read Order]

By Yogitha S. Yogesh - On June 29, 2023 11:20 am - 2 mins read
Cash Credit Account -Debt and Cannot be Made Attachable -Calcutta High Court- Attachment Order-taxscan

The Calcutta High Court set aside the attachment order since the cash credit account is not a debt and cannot be made attachable. J. L. Enterprises, the petitioner is a partnership firm. On 4th March 2023, State Tax Department Officers visited the registered office of the said firm and inspected the books on accounts and…

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