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of <h1>Settlement Commission Can Provisionally Attach Property to Protect Revenue, Per Wealth Tax Act & Income-tax Act Schedule.</h1> The Settlement Commission has the authority to provisionally attach an applicant's property during ongoing proceedings if deemed necessary to protect revenue interests, as per the Wealth Tax Act, 1957. This attachment follows the procedure outlined in the Income-tax Act's Second Schedule. If a provisional attachment under section 34C is already in effect, it will continue under section 22DD until its original expiry. Such attachments typically last six months but can be extended if justified in writing. The provision was introduced in 1988 and amended in 2007 to remove a maximum extension period.
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