Provisional attachment expanded to cover pending penalties under section 271AAD when likely penalties exceed the statutory threshold.

The amendment permits provisional attachment under section 281B during pendency of proceedings for imposition of penalty under section 271AAD where the amount or aggregate of amounts of penalty likely to be imposed under that section exceeds the specified threshold, subject to prior approval of the authorities specified in section 281B and exercisable by the Assessing Officer to protect the interest of revenue.

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