Money in bank account is property liable for provisional attachment u/s. 281B: Kerala HC

ACIT Vs Mohammed Salih (Kerala High Court)

Kerala High Court Held that money in Bank accounts is a property liable for provisional attachment under Section 281B of the Income Tax Act. Thus, writ petition is allowed.

Facts- On 12.04.2022, the police seized a huge amount of cash (₹1,56,00,000/-) from a car in which respondents 1 and 2 in the writ appeal were riding. The seized amount was produced before the Judicial First Class Magistrate’s Court.

On application by the Department u/s. 132A of the Act, the Court directed release of the amount to

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