https://www.taxtmi.com/caselaws?id=194411 The court addressed a conflict of interest situation involving judicial transactions with parties and upheld the provisional attachment of assets by the Revenue under Section 281B of the Income Tax Act, 1961. Despite the conflict of interest, the court proceeded with the case as no objections were raised by the counsels. The court found the provisional attachment order to be prima facie warranted in law and directed the petitioner's bank to comply, restraining the release of amounts under the SBLCs until further orders. The Revenue's counsel assured that the actual amounts would be specified in a subsequent order within two weeks. en-us Fri, 02 Dec 2016 00:00:00 +0530 Thu, 07 Sep 2017 09:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194411 The court addressed a conflict of interest situation involving judicial transactions with parties and upheld the provisional attachment of assets by the Revenue under Section 281B of the Income Tax Act, 1961. Despite the conflict of interest, the court proceeded with the case as no objections were raised by the counsels. The court found the provisional attachment order to be prima facie warranted in law and directed the petitioner's bank to comply, restraining the release of amounts under the SBLCs until further orders. The Revenue's counsel assured that the actual amounts would be specified in a subsequent order within two weeks. Case-Laws Income Tax Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194411