05 August 2010
Assessee was covered under search and seizure. Now the block assessment proceedings have been initiated. Under this the AO passed an order u/s. 281B of the act, provisionally attaching the properties of the assessee. 3 properties were attached out of which 1 property was rented. What steps the assessee has to take further?
06 August 2010
AO has attached the property NOT the rent. He has a right to attach the property. Assessee should focus on completion of the assessment and settling the dues so that the property gets out of the attachment order.
CAclubindia
