Money In Bank Account Is 'Property', Liable For Provisional Attachment U/S 281B Of Income Tax Act: Kerala High Court

The Kerala High Court addressed the issue of provisional attachment of property under Section 281B of the Income Tax Act in a tax case. The petitioner challenged the provisional attachment of their bank account and property by the Income Tax Department in connection with unpaid taxes. The court, after reviewing the facts and legal provisions, held that such attachment was justified under the Act, as the taxpayer had failed to comply with tax obligations. The judgment reaffirms the power of the authorities to secure tax dues, while also providing guidelines on the procedural safeguards in cases of provisional attachment. This ruling serves as a reminder of the importance of compliance with tax laws.