Indian Minerals and Granite Co. v. Dy. CIT (2022) 440 ITR 292 (Karn.)(HC)

S. 281B : Provisional attachment-Merely stating likelihood of huge liability-Attaching fixed deposit-Order cryptic, unreasoned, non-speaking and laconic-Order was quashed. [S. 153A, Art, 226]

Allowing the petition the Court held that  attaching the fixed deposit  on merely stating likelihood of  huge liability  with the apprehension that the assessee might not make payment thereof thus causing loss to the Revenue, was clearly unfounded and without any basis. The order is cryptic, unreasoned, non-speaking and laconic.  Order was quashed.