https://www.taxtmi.com/caselaws?id=424735 Public Provident Fund balances are stated to be protected from attachment or debit for recovery of a subscriber's debt or liability. Section 9 of the Public Provident Fund Act, 1968 provides that the amount standing to the credit of a subscriber is not liable to attachment, and that protection is reinforced by the proviso to Section 60(1)(ka) of the Code of Civil Procedure, 1908, together with Rule 10 of Schedule II to the Income-tax Act, 1961. On that basis, the bank could not appropriate PPF funds towards a partnership debt or guarantee liability, and the debit is described as illegal and requiring refund. en-us Thu, 23 Jun 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424735 Public Provident Fund balances are stated to be protected from attachment or debit for recovery of a subscriber's debt or liability. Section 9 of the Public Provident Fund Act, 1968 provides that the amount standing to the credit of a subscriber is not liable to attachment, and that protection is reinforced by the proviso to Section 60(1)(ka) of the Code of Civil Procedure, 1908, together with Rule 10 of Schedule II to the Income-tax Act, 1961. On that basis, the bank could not appropriate PPF funds towards a partnership debt or guarantee liability, and the debit is described as illegal and requiring refund. Case-Laws Income Tax Thu, 23 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424735