INCOME TAX AUTHORITIES CANNOT STOP YOU FROM WITHDRAWING MONEY FROM YOUR OWN BANK ACCOUNT: THAT’S WHAT MADRAS HIGH COURT HELD IN “K M ADAM VS THE INCOME TAX OFFICER” CASE
Therefore an attachment or freezing of your Bank Account can paralyze your finances just within a day as you lose access to the precious savings which you might have saved over many years for a rainy day.