Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC

INCOME TAX : Where pursuant to a search conducted upon a group to which assessee belonged, bank deposits of assessee were provisionally attached during pendency of investigation and High Court passed an interim order lifting said attachment, since no reasonable opportunity was afforded by High Court to department to place their submission on record in form of counter affidavit before lifting such attachment order, impugned order was unjustifiedINCOME TAX : Where pursuant to a search conducted upon a group to which assessee belonged, bank deposits of assessee were provisionally attached during pendency of investigation and High Court passed an interim order lifting said attachment, since no reasonable opportunity was afforded by High Court to department to place their submission on record in form of counter affidavit before lifting such attachment order, impugned order was unjustifiedwww.taxmann.com Latest Case LawsRead More

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