TMI Blog2022 (10) TMI 495X X X X Extracts X X X X X X X X Extracts X X X X ..... ppeals) -18, The Sub-Registrar - 2022 (10) TMI 495 - MADRAS HIGH COURT - TMI - Provisional attachment to protect revenue in certain cases - Extension of time limit to two years pending assessment or 60 days after the date of order of assessment or reassessment, whichever is later - HELD THAT: - In this case, the order of assessment has been passed on 19.08.2021 and thus the period of 60 days ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... disposed. 2. In W.P.No.24176 of 2021, the petitioner has challenged the attachment of Fixed Deposits to the tune of Rs.15,93,21,139/-. Admittedly, the petitioner has challenged an order of assessment dated 19.08.2021 passed under the provisions of the Income Tax Act, 1961 (in short 'Act') before the Commissioner of Income Tax (Appeals). A stay application is stated to have been filed b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance with law. 5. With this, W.P.No.24176 of 2021 stands disposed. It is made clear that the attachment of the Fixed Deposits shall continue. 6. As far as W.P.No.24180 of 2021 is concerned, the petitioner challenges attachment under Section 281 B of the Income Tax Act, 1961 of the property by name 'FIRHAVEN' comprised in R.S.Nos.4279 and 4284 admeasuring 40 grounds situated at Door N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessment of any income or for the assessment or reassessment of any income which has escaped assessment or for imposition of penalty under section 271AAD where the amount or aggregate of amounts of penalty likely to be imposed under the said section exceeds two crore rupees, the Assessing Officer is of the opinion that for the purpose of protecting the interests of the revenue it is necessary ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 or sixty days after the date of order of assessment or reassessment, whichever is later. 10. In this case, the order of assessment has been passed on 19.08.2021 and thus the period of 60 days after the date of order of assessment, as per ..... X X X X Extracts X X X X X X X X Extracts X X X X
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