An order of provisional attachment was passed in respect of two of its accounts with two banks. On a writ the Court held that the provisional attachment should be exercised in judicial manner. Accordingly the order is modified.(AY.2021-22)
FCS Manufacturing (India) Pvt. Ltd. v Dy. CIT (Inv) (2023) 456 ITR 89/ 330 CTR 151/ 221 DTR 64/(2022) 145 taxmann.com 393 (Guj)(HC)
S. 281B : Provisional attachment-Should be exercised in judicial manner-Order modified. [S.133A(3)(ia), Art. 226]