https://www.taxtmi.com/caselaws?id=796565 Provisional attachment under the Prohibition of Benami Property Transactions Act requires the Initiating Officer to form an opinion, supported by a factual basis, that the person in possession may alienate the property during the notice period. Cash and gold already seized and attached by the Income Tax Department remained outside the appellants' control, with no established risk of alienation. The possibility of a future tax adjustment or release did not satisfy this statutory condition. Provisional attachment and its confirmation were therefore unsustainable, without preventing fresh action if a risk of alienation arose after release. en-us Mon, 19 Jan 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796565 Provisional attachment under the Prohibition of Benami Property Transactions Act requires the Initiating Officer to form an opinion, supported by a factual basis, that the person in possession may alienate the property during the notice period. Cash and gold already seized and attached by the Income Tax Department remained outside the appellants' control, with no established risk of alienation. The possibility of a future tax adjustment or release did not satisfy this statutory condition. Provisional attachment and its confirmation were therefore unsustainable, without preventing fresh action if a risk of alienation arose after release. Case-Laws Benami Property Mon, 19 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796565