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>Provisional Property Attachment Allowed Under Section 281B for Pending Income Assessment; Valid for Up to Two Years</h1> Section 281B of the Income-tax Act, introduced by the Taxation Laws (Amendment) Act, 1975, allows for the provisional attachment of an assessee's property during pending income assessment or reassessment proceedings. This measure is intended to protect revenue interests and requires prior approval from the Commissioner. The provisional attachment is initially valid for six months but can be extended by the Commissioner, with written justification, for additional periods not exceeding a total of two years.