Provisional attachment procedure governs how benami property is attached under the Income-tax Act machinery. Rule 5 requires the Initiating Officer, for the purposes of sub-section (3) of section 24, to provisionally attach property in the manner provided in the Second Schedule to the Income-tax Act, 1961. The provision prescribes the procedural mode for provisional attachment and links that attachment power to the statutory machinery contained in the Second Schedule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provisional attachment procedure governs how benami property is attached under the Income-tax Act machinery.
Rule 5 requires the Initiating Officer, for the purposes of sub-section (3) of section 24, to provisionally attach property in the manner provided in the Second Schedule to the Income-tax Act, 1961. The provision prescribes the procedural mode for provisional attachment and links that attachment power to the statutory machinery contained in the Second Schedule.
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