Court Stresses Independent Judgment Needed for Provisional Attachment u/s 281B of Income Tax Act. https://www.taxtmi.com/highlights?id=67298 Provisional attachment u/s 281B - mandatory pre-requirement and precondition of recording of formation of opinion - It is trite law that grant of approval should not be a mechanical act and should reflect independent application of mind and this important safeguard of taking prior approval of the Commissioner under Section 281B of I.T.Act is not a mere empty formality and cannot be taken lightly. - HC en-us Fri, 23 Dec 2022 21:08:31 +0530 Fri, 23 Dec 2022 21:08:31 +0530 TaxTMI RSS Generator Court Stresses Independent Judgment Needed for Provisional Attachment u/s 281B of Income Tax Act. https://www.taxtmi.com/highlights?id=67298 Provisional attachment u/s 281B - mandatory pre-requirement and precondition of recording of formation of opinion - It is trite law that grant of approval should not be a mechanical act and should reflect independent application of mind and this important safeguard of taking prior approval of the Commissioner under Section 281B of I.T.Act is not a mere empty formality and cannot be taken lightly. - HC Highlights Income Tax Fri, 23 Dec 2022 21:08:31 +0530 https://www.taxtmi.com/highlights?id=67298