HC: Quashes recovery proceedings being vitiated by retracted admission, resort to provisional attachment

Madras HC quashes recovery proceedings initiated straight-away u/s 79 based on retracted statement (w.r.t. credit availment basis fake invoices) while noting that same was issued even before making an assessment or atleast initiating proceedings for making the assessment; States that, the statement said to have been given claimed as so called admission by the petitioner, is not available before the Revenue anymore and the petitioner's statement contradicts with...