Wealth-tax Act,1957
Act No : 27
Section :
Provisional attachment to protect revenue in certain cases.
34C. Provisional attachment to protect revenue in certain cases. (1) Where, during the pendency of any proceeding for the assessment of net wealth or for the assessment or re-assessment of net wealth which has escaped assessment, the Wealth-tax Officer is of the opinion that for the purpose of protecting the interests of the revenue it is necessary so to do, he may, with the previous approval of the Commissioner, by order in writing, attach provisionally any property belonging to the assessee in the manner provided in the Second Schedule to the Income-tax Act as made applicable to this Act by section 32. (2) Every such provisional attachment shall cease to have effect after the expiry of a period of six months from the date of the order made under sub-section (1): Provided that the Commissioner may, for reasons to be recorded in writing, extend the aforesaid period by such further period or periods as he thinks fit, so however, that the total period of extension shall not in any case exceed two years.] ---------------------------------------------------------------------- 1 Subs. by Act 27 of 1967, s. 2, for "six per cent." (w.e.f. 1-10- 1967). 2 Ins. by Act 46 of 1964, s. 31 (w.e.f. 1-4-1965). 3 Subs. by Act 16 of 1972, s. 47 (w.e.f. 1-4-1972). 4 Ins. by Act 45 of 1972, s. 14 (w.e.f. 15-11-1972). 5 Ins. by Act 41 of 1975, s. 97 (w.e.f. 1-10-75). 6 Subs. by s. 98 ibid. 808J
