We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Precedence of provisional attachment secures depositor claims by prioritising attached assets and vesting them in the Competent Authority. An order of provisional attachment by the Competent Authority has precedence for depositor claims over other attachments; attached money and property vest in the Competent Authority until the Designated Court orders otherwise. The Competent Authority must open a scheduled bank account for realised funds, refrain from utilising or disposing of attached assets except under Designated Court instructions, but may sell perishable items and apply proceeds as other attached property.
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.
<h1>Precedence of provisional attachment secures depositor claims by prioritising attached assets and vesting them in the Competent Authority.</h1> An order of provisional attachment by the Competent Authority has precedence for depositor claims over other attachments; attached money and property vest in the Competent Authority until the Designated Court orders otherwise. The Competent Authority must open a scheduled bank account for realised funds, refrain from utilising or disposing of attached assets except under Designated Court instructions, but may sell perishable items and apply proceeds as other attached property.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
