https://www.taxtmi.com/caselaws?id=13935 The court upheld the validity of the provisional attachment order under section 281B of the Income-tax Act, 1961, regarding a petitioner's FDR account. It emphasized the necessity of protecting revenue interests during pending income assessment proceedings. The judgment clarified that a provisional attachment order remains effective for up to two years and six months, subject to extensions by competent authorities. In this case, the court declared the cessation of the provisional attachment in accordance with statutory provisions, ensuring a balance between revenue protection and procedural fairness. en-us Wed, 30 May 2001 00:00:00 +0530 Mon, 06 Jul 2009 11:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13935 The court upheld the validity of the provisional attachment order under section 281B of the Income-tax Act, 1961, regarding a petitioner's FDR account. It emphasized the necessity of protecting revenue interests during pending income assessment proceedings. The judgment clarified that a provisional attachment order remains effective for up to two years and six months, subject to extensions by competent authorities. In this case, the court declared the cessation of the provisional attachment in accordance with statutory provisions, ensuring a balance between revenue protection and procedural fairness. Case-Laws Income Tax Wed, 30 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13935