Tag: attachment order

Income Tax in Media

Income Tax can seize properties even if real owner is untraceable: Court

byAdmin

In a significant ruling, a quasi-judicial body has upheld the Income Tax (I-T) department’s ability to attach properties under the anti-benami law even if the actual owner of the property is not identified. The ruling, issued by the Adjudicating Authority set up under the Prohibition of Benami Property Transactions (PBPT) Act, 1988, confirms that the law provides a mechanism to deal with cases where the actual owners or the person who paid for the property cannot be traced.

GST ArticleHigh Court

Provisional Attachment under Section 83 valid when prima facie view arises that attachment is necessary to protect revenue interest

byCA Bimal Jain

The Hon’ble Delhi High Court in the case of JV Creatives (P.) Ltd. dismissed the writ petition filed against the order of provisional attachment passed under Section 83 of the CGST Act wherein the Commissioner prima facie opined that passing of order was necessary to protect revenue interest in case where the Hon’ble High Court was of the view that there is nexus between the supplier and recipient in case wherein it has been alleged that the supplier was non-existent and the invoice has been issued without the supply of goods.