TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 281B: Tax Officers Can Temporarily Attach Property to Secure Revenue During Investigation Delays, Valid for Up to 2 Years.</h1> Section 281B of the Income-tax Act, 1961, effective from October 1, 1975, aims to safeguard revenue interests when demand collection may be delayed due to investigations. It allows an Assessing Officer, with prior approval from the Chief Commissioner/Commissioner, to provisionally attach an assessee's property during assessment or reassessment proceedings. This attachment is initially valid for six months but can be extended up to two years. The instructions emphasize that Assessing Officers should utilize provisional attachment in appropriate cases and ensure all officers in the region are informed of these provisions.
TaxTMI 
TaxTMI 
