Power of Settlement Commission to order provisional attachment to protect revenue

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..... se of protecting the interests of the revenue it is necessary so to do, it may, by order, attach provisionally any property belonging to the applicant in the manner provided in the Second Schedule to the Income-tax Act as made applicable to this Act by section 32: Provided that where a provisional attachment made under section 34C is pending immediately before an application is made under .....

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..... r reasons to be recorded in writing, extend the aforesaid period by such further period or periods as it thinks fit 2 [ *** ] . ----------------------------- Notes:- 1. Inserted by the Finance Act, 1988, w.e.f. 1-4-1988. 2. Omitted by the Finance Act, 2007, w.e.f. 1-6-2007. Before it was read as:- ", so, however, that the total period of extension shall not in any .....

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