https://www.taxtmi.com/caselaws?id=378074 The Court ordered the release of bank accounts from attachment but maintained attachment on immovable properties in a case challenging provisional attachment orders under Section 132(9B) of the Income Tax Act, 1961. The petitioner's claim of no taxable income and need for funds for daily expenses and medical treatment was considered. The Court balanced revenue interests with the petitioner's financial needs, allowing access to bank funds while restricting property transactions until litigation concluded. Ultimately, the Court set aside the attachment on bank accounts but retained it on immovable properties to secure potential tax liabilities not exceeding property valuations. en-us Thu, 04 Apr 2019 00:00:00 +0530 Sat, 06 Apr 2019 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378074 The Court ordered the release of bank accounts from attachment but maintained attachment on immovable properties in a case challenging provisional attachment orders under Section 132(9B) of the Income Tax Act, 1961. The petitioner's claim of no taxable income and need for funds for daily expenses and medical treatment was considered. The Court balanced revenue interests with the petitioner's financial needs, allowing access to bank funds while restricting property transactions until litigation concluded. Ultimately, the Court set aside the attachment on bank accounts but retained it on immovable properties to secure potential tax liabilities not exceeding property valuations. Case-Laws Income Tax Thu, 04 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378074