AO can’t make provisional attachment without forming an opinion that how assessee isn’t able to fulfil tax demand: HC

INCOME TAX : Where pursuant to a search conducted upon assessee, revenue provisionally attached assessee’s fixed deposit by invoking section 281B, since said order of provisional attachment was not on basis of any tangible material that assessee was not likely to fulfil demand towards payment of tax and it was necessary to provisionally attach properties for purpose of protecting interest of Government revenue, such cryptic,INCOME TAX : Where pursuant to a search conducted upon assessee, revenue provisionally attached assessee’s fixed deposit by invoking section 281B, since said order of provisional attachment was not on basis of any tangible material that assessee was not likely to fulfil demand towards payment of tax and it was necessary to provisionally attach properties for purpose of protecting interest of Government revenue, such cryptic,www.taxmann.com Latest Case LawsRead More

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