Home Acts & Rules Income Tax Act Income-tax Act, 1961 Chapters List Schedules Sch SCHEDULES This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
SCHEDULE 03 - Procedure for distraint by [Assessing Officer] [Or tax recovery officer - Income-tax Act, 1961Extract THE THIRD SCHEDULE PROCEDURE FOR DISTRAINT BY 1 [ASSESSING OFFICER] 2 [OR TAX RECOVERY OFFICER] [See section 226(5)] Distraint and sale. Where any distraint and sale of movable property are to be effected by any 3 [Assessing Officer] 4 [or Tax Recovery Officer] authorised for the purpose, such distraint and sale shall be made, as far as may be, in the same manner as attachment and sale of any movable property attachable by actual seizure, and the provisions of the Second Schedule relating to attachment and sale shall, so far as may be, apply in respect of such distraint and sale. Note:- ---------------------- 1. Substituted for Income-tax Officer by the Direct Tax Laws (Amendment) Act, 1989, w.r.e.f. 1-4-1988. 2. Inserted by the Direct Tax Laws (Amendment) Act, 1989 w.r.e.f. 1-4-1988. 3. Substituted for Income-tax Officer by the Direct Tax Laws (Amendment) Act, 1989, w.r.e.f. 1-4-1988. 4. Inserted by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989.
|