Assistant Commissioner of Income-tax, Circle 7(2), Mumbai, under Section 281B of
the Income-tax Act, 1961 ("the Act"), vide order dated ... bank accounts of the petitioners had been done under Section 281B of the Act. He wanted time to obtain instructions. Thereafter, an affidavit of Shri
order of provisional attachment of Petitioner's
assets under Section 281B of the Act. Since the two writ petitions arise out
of common ... Section 147 of the Act?
ii. Whether the impugned order of provisional attachment of
NDTV's assets is valid and permissible under Section 281B
Stock Exchange under section 226(3) of the said Act and further action taken thereunder.
2. The impugned order under section 281B of the said ... section 226(3) will have to be finally adjudicated upon by the concerned authority. As regards the provisional attachment order issued under section 281B
Section 245D is made shall be excluded from the period specified in the preceding proviso.
13. A bare perusal of the Section 281B would show ... reasons have been disclosed. The proviso to sub Section (2) of Section 281B provides that the Chief Commissioner, Commissioner, Director General and the Director
only in exercise of his
powers under sub-section (2) of Section 281B of the Act and for
want of material on the record ... Commissioner in exercise of his powers under Sub-
section (2) of Section 281B of the Act, after recording
reasons for the extension of such period
fact that the notice under section 153A of
the Act as well as the order under section 281B of the
Act have been issued ... under section 132 of
the Act it is not mandatory that the proceedings must
be pending on the date of invoking section 281B
records pertaining to proceedings of the first respondent under Section 281B of the Income Tax Act, vide No.PAN AACCK6839/2012-13, dated ... records pertaining to proceedings of the first respondent under Section 281B of the Income Tax Act, vide No.PAN AACCK6839/2012-13, dated
under Article 226 of the Constitution of India.
5. Sub-section (1) of Section 281B reads :
"281B. Provisional attachment to protect revenue in certain ... Schedule.
Explanation--For the purposes of this sub-section, proceedings under Sub-section (5) of Section 132 shall be deemed to be proceedings
section itself more particularly with reference to Schedule II of the Act of 1961. It has been held that the power under Section 281B ... issued under Section 119 of the Act of 1961 which on the issue of exercise of power under Section 281B
Bank account 'property' liable to
attachment under Section 281B of the Income Tax Act,
1961("the Act")? On the discussions ... shall release that guarantee forthwith."
Relying upon sub- sections 3 and 4 of Section 281B , the
learned counsel Sri.P.Reghunathan would contend that
