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PPF Deposit Account immune from attachment for recovery of tax dues
Case Law Details
- Case Name
- Dineshchandra Bhailalbhai Gandhi Vs TRO (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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CA Sandeep Kanoi
Hon’ble Gujarat HC has held in the case of Dineshchandra Bhailalbhai Gandhi VS. TRO has held that deposits in PPF Account are immune from attachment for recovery of tax dues and Rule 10 of Schedule II of the I-T Act exempts all such properties from attachment or sale.
Brief facts of the Case
Petitioner has challenged action of the respondent in attaching and recovering an amount of Rs. 9,05,000/= from the Public Provident Fund account [PPF account] of the petitioner. The petitioner is assessed as an individual by the Income tax Department.
The ...
