Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Settlement Commission Can Provisionally Attach Property u/s 22DD to Safeguard Revenue During Proceedings.</h1> Section 22DD of the Wealth-tax Act, introduced by the Finance Act, 1988, empowers the Settlement Commission to provisionally attach an applicant's property to protect revenue interests during pending proceedings. This attachment follows the procedure outlined in the Second Schedule of the Income-tax Act. If a provisional attachment under section 34C exists before an application under section 22C, the new order extends the attachment duration. Provisional attachments last six months but can be extended by the Commission for written reasons, not exceeding a total extension of two years.