https://www.taxtmi.com/caselaws?id=787740 Provisional attachment under Section 281B is a draconian preventive power that must be exercised only upon formation of an opinion supported by tangible material and subject to minimum procedural safeguards; accordingly attachment should not proceed where the taxpayer is a regular payer, there is no final demand, limited additions from search exist, and a deposit option is available. The document endorses permitting deposit of a prescribed percentage of the provisionally assessed demand as a safeguard to protect reputation and banking credit, and records quashing of the impugned attachment with a direction for a 20% deposit and refund with interest if demand is reduced. en-us Fri, 06 Mar 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787740 Provisional attachment under Section 281B is a draconian preventive power that must be exercised only upon formation of an opinion supported by tangible material and subject to minimum procedural safeguards; accordingly attachment should not proceed where the taxpayer is a regular payer, there is no final demand, limited additions from search exist, and a deposit option is available. The document endorses permitting deposit of a prescribed percentage of the provisionally assessed demand as a safeguard to protect reputation and banking credit, and records quashing of the impugned attachment with a direction for a 20% deposit and refund with interest if demand is reduced. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787740