Amendment to Section 281B: Authorizes Assessing Officer to Invoke Bank Guarantee for Unpaid Tax Demands.

Amendment to Section 281B: Authorizes Assessing Officer to Invoke Bank Guarantee for Unpaid Tax Demands. https://www.taxtmi.com/highlights?id=27706 Amendment of section 281B. - Attachment of property - It is also proposed that where a notice of demand specifying a sum payable is served upon the assessee and the assessee fails to pay such sum within the time specified in the notice, the Assessing Officer may invoke the bank guarantee, wholly or partly, to recover the said amount. en-us Wed, 02 Mar 2016 22:23:05 +0530 Wed, 02 Mar 2016 22:23:05 +0530 TaxTMI RSS Generator Amendment to Section 281B: Authorizes Assessing Officer to Invoke Bank Guarantee for Unpaid Tax Demands. https://www.taxtmi.com/highlights?id=27706 Amendment of section 281B. - Attachment of property - It is also proposed that where a notice of demand specifying a sum payable is served upon the assessee and the assessee fails to pay such sum within the time specified in the notice, the Assessing Officer may invoke the bank guarantee, wholly or partly, to recover the said amount. Highlights Bill Wed, 02 Mar 2016 22:23:05 +0530 https://www.taxtmi.com/highlights?id=27706