Amendment to Section 281B: Authorizes Assessing Officer to Invoke Bank Guarantee for Unpaid Tax Demands.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Amendment of section 281B. - Attachment of property - It is also proposed that where a notice of demand specifying a sum payable is served upon the assessee and the assessee fails to pay such sum within the time specified in the notice, the Assessing Officer may invoke the bank guarantee, wholly or partly, to recover the said amount.....