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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 281B. - Attachment of property - Assessing ...

Bill

March 2, 2016

Amendment of section 281B. - Attachment of property - Assessing Officer shall revoke attachment of property made under sub-section (1) in a case where the assessee furnishes a bank guarantee from a scheduled bank, for an amount not less than the fair market value of such provisionally attached property or for an amount lower than the fair market value of the property which is sufficient to protect the interests of the revenue.

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