HC: Citing no revenue-loss to Govt., quashes provisional bank-account attachment for circular trading

Gujarat HC quashes orders of provisional attachment of bank accounts of writ applicant u/s 83 of CGST Act alleging circular trading while noting assessee's contention that no proceedings were initiated/pending under the CGST Act; Remarks that, "Section 83 gives a power to be exercised during the pendency of any proceeding for assessment or  reassessment, so that the assessee may not fritter away or secrete his resources out of the reach of the Commercial Tax department w...