Court Remands Case, Directs Tax Dept to Avoid Hindering Banks' Loan Recovery with Repeated Attachment Orders.

Court Remands Case, Directs Tax Dept to Avoid Hindering Banks' Loan Recovery with Repeated Attachment Orders. https://www.taxtmi.com/highlights?id=73399 Validity of attachment orders u/s 281B - issuance of fresh attachment order again and again, i.e. for the fourth time - this Court is of the view that the respondent-Department under the guise of impugned attachment orders, shall not cause any unnecessary hardships to the Bankers in getting back their loans, which were lent by them to the petitioners. - Matter remanded back with directions - HC en-us Tue, 05 Dec 2023 12:28:31 +0530 Tue, 05 Dec 2023 15:22:16 +0530 TaxTMI RSS Generator Court Remands Case, Directs Tax Dept to Avoid Hindering Banks' Loan Recovery with Repeated Attachment Orders. https://www.taxtmi.com/highlights?id=73399 Validity of attachment orders u/s 281B - issuance of fresh attachment order again and again, i.e. for the fourth time - this Court is of the view that the respondent-Department under the guise of impugned attachment orders, shall not cause any unnecessary hardships to the Bankers in getting back their loans, which were lent by them to the petitioners. - Matter remanded back with directions - HC Highlights Income Tax Tue, 05 Dec 2023 12:28:31 +0530 https://www.taxtmi.com/highlights?id=73399