Arunkumar 10 August 2021
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 10 August 2021
According to Section 83(1), where during the pendency of any proceedings under section 62, section 63, section 64, section 67, section 73 or section 74, the Commissioner is of the opinion that for the purpose of protecting the interest of the Government revenue, it is necessary so to do, he may, by order in writing attach provisionally any property, including bank account, belonging to the taxable person in such manner as may be prescribed. Every such provisional attachment shall cease to have effect after the expiry of a period of one year from the date of the order.
Let us refer to the case of Aje India Private Limited vs The Union of India, where the issue under consideration was whether Provisional attachment of bank account valid when other assets offered as security or not.