https://www.taxtmi.com/caselaws?id=15968 The court ruled in favor of the petitioners, finding the provisional attachment of bank accounts and F.D.Rs. by the Assistant Commissioner of Income-tax under section 281B of the Income-tax Act unlawful. The court directed the Revenue to release the attachment on bank accounts and F.D.Rs., emphasizing the need for judicious exercise of attachment powers to protect revenue without harassing the assessee. However, the attachment on immovable properties was to continue until further orders. The judgment highlighted the importance of fairness and careful consideration in applying section 281B. en-us Wed, 07 Jul 1999 00:00:00 +0530 Mon, 31 Aug 2009 12:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15968 The court ruled in favor of the petitioners, finding the provisional attachment of bank accounts and F.D.Rs. by the Assistant Commissioner of Income-tax under section 281B of the Income-tax Act unlawful. The court directed the Revenue to release the attachment on bank accounts and F.D.Rs., emphasizing the need for judicious exercise of attachment powers to protect revenue without harassing the assessee. However, the attachment on immovable properties was to continue until further orders. The judgment highlighted the importance of fairness and careful consideration in applying section 281B. Case-Laws Income Tax Wed, 07 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15968