Section 281B Attachment Invalid on Property Not Owned by Assessee: Karnataka HC

Smt Vanitha S Vs DCIT (Karnataka High Court) HC Strikes Down Income Tax Attachment on Bona Fide Purchaser’s Property- Attachment under Section 281B Invalid When Property Not Owned by the Assessee Petitioner challenged the provisional attachment orders issued u/s 281B of the Income-tax Act by the DCIT, Central Circle-1(3), Bengaluru, attaching her immovable property situated at BEML 3rd Stage, Halagevaderahalli Village, Kengeri Hobli, Bengaluru South Taluk. The property originally belonged to a partnership firm M/s Sri Vayuputhra Electro World, constituted by the petitioner & one Mr. Venk...