PPF Deposit Account immune from attachment for recovery of tax dues

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 respondent­ Tax ...