2013 (6) TMI 258

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.... The judgment of the court was delivered by Hemant Gupta J.-The challenge in the present writ petition is to the orders dated December 12, 2011 (annexures P.9 and P.10), whereby the bank accounts of the petitioner were provisionally attached in exercise of the powers conferred under section 281B of the Income-tax Act, 1961 (for short, "the Act"). The amount of Rs. 12,13,023 as on May 27, 2011....

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....sel for the petitioner vehemently argued that the provisional attachment could be operative only prior to the assessment but once assessment has been framed, the Revenue is entitled to attach the amount to the extent of demand raised and not all the bank accounts of the petitioner. We find that the argument raised by the learned counsel for the petitioner is meritorious. The bank accounts of an....