https://www.taxtmi.com/caselaws?id=14061 The court quashed the order of attachment dated February 14, 2001, releasing the petitioner's stock and granting permission to operate the bank account. The court found the actions under sections 133A and 281B of the Income-tax Act, 1961 to be unjustified and lacking proper procedures. Emphasizing the importance of procedural adherence and valid justifications in attachment proceedings, the court directed the release of the property from attachment upon the petitioner furnishing a bank guarantee for the alleged sum due, allowing assessment proceedings to continue while safeguarding the petitioner's interests. en-us Tue, 20 Mar 2001 00:00:00 +0530 Mon, 13 Jul 2009 13:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14061 The court quashed the order of attachment dated February 14, 2001, releasing the petitioner's stock and granting permission to operate the bank account. The court found the actions under sections 133A and 281B of the Income-tax Act, 1961 to be unjustified and lacking proper procedures. Emphasizing the importance of procedural adherence and valid justifications in attachment proceedings, the court directed the release of the property from attachment upon the petitioner furnishing a bank guarantee for the alleged sum due, allowing assessment proceedings to continue while safeguarding the petitioner's interests. Case-Laws Income Tax Tue, 20 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14061