Attachment threshold under section 230A increased, raising the monetary limit applicable to tax recovery procedures. Amendment increases the monetary limit in section 230A of the Income-tax Act by substituting the prior threshold of fifty thousand rupees with two lakh rupees in sub-section (1), thereby raising the statutory attachment/recovery threshold specified in that sub-section.
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Provisions expressly mentioned in the judgment/order text.
Attachment threshold under section 230A increased, raising the monetary limit applicable to tax recovery procedures.
Amendment increases the monetary limit in section 230A of the Income-tax Act by substituting the prior threshold of fifty thousand rupees with two lakh rupees in sub-section (1), thereby raising the statutory attachment/recovery threshold specified in that sub-section.
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