https://www.taxtmi.com/caselaws?id=9438 The High Court of Allahabad quashed the provisional attachment order under section 281B of the Income-tax Act, 1961, due to lack of material justifying the attachment and procedural lapses in extending the attachment period. The court emphasized the need for caution and sufficient material before exercising such powers and directed the Department to indicate a reasonable sum likely to be due, for which the petitioners were to furnish security. The petitioners were awarded costs of Rs. 5,000. en-us Wed, 14 Dec 2005 00:00:00 +0530 Mon, 22 Jun 2009 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9438 The High Court of Allahabad quashed the provisional attachment order under section 281B of the Income-tax Act, 1961, due to lack of material justifying the attachment and procedural lapses in extending the attachment period. The court emphasized the need for caution and sufficient material before exercising such powers and directed the Department to indicate a reasonable sum likely to be due, for which the petitioners were to furnish security. The petitioners were awarded costs of Rs. 5,000. Case-Laws Income Tax Wed, 14 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9438