Provisional attachment to protect revenue in certain cases

Provisional attachment to protect revenue in certain cases.

1. (1) Where, during the pendency of any assessment or reassessment proceedings under section 44 or section 46 or the corresponding provisions of the earlier law, the authority, before which such proceedings are pending, is of the opinion that for the purpose of protecting the interests of the revenue it is necessary so to do, that authority may, with the previous approval of the Commissioner by order in writing, attach provisionally any property belonging to the dealer or person in respect of whom the proceedings are pending.
2. (2) Every such provisional attachment shall cease to have effect after the expiry of a period of six months from the date of the order made under sub-section (1): Provided that, the Commissioner may, for reasons to be recorded in writing, extend the aforesaid period by such further period or periods as he thinks fit, so, however, that the total period of extension shall not in any case exceed two years.