1990 (7) TMI 79 - HC - Income Tax

Summary

The petitioner challenged the validity of a notice issued under section 281B of the Income-tax Act. The court found that the attachment under section 281B cannot last beyond August 19, 1989, as the total period for extensions had expired. The petitioner was allowed to encash or withdraw the amounts attached, subject to any outstanding tax demands. The writ petition was disposed of with no costs. The order was to be communicated to the Allahabad Bank, Tejgarhi, Meerut, and a certified copy was to be given to the petitioner's counsel within three days.