https://www.taxtmi.com/caselaws?id=391547 The High Court declined to interfere with the assessment order and demand notice challenge, emphasizing the pursuit of statutory appeal remedies unless the order lacks jurisdiction. The Court quashed the provisional attachment of the petitioner's bank account under Section 281B, citing unsatisfactory reasons and the need for judicious exercise of powers. Ruling in favor of the petitioner, the Court set aside the attachment order due to uncertainty in tax treatment. The Court highlighted the importance of statutory appeal remedies and limited interference under Article 226, stressing justifiable reasons for exercising drastic powers like provisional attachment under the Income Tax Act. en-us Mon, 27 Jan 2020 00:00:00 +0530 Wed, 03 Mar 2021 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391547 The High Court declined to interfere with the assessment order and demand notice challenge, emphasizing the pursuit of statutory appeal remedies unless the order lacks jurisdiction. The Court quashed the provisional attachment of the petitioner's bank account under Section 281B, citing unsatisfactory reasons and the need for judicious exercise of powers. Ruling in favor of the petitioner, the Court set aside the attachment order due to uncertainty in tax treatment. The Court highlighted the importance of statutory appeal remedies and limited interference under Article 226, stressing justifiable reasons for exercising drastic powers like provisional attachment under the Income Tax Act. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391547