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Rule 152 of Income Tax Rules - Release of remaining assets under section 250.

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Last Updated: 01-04-2026

152. Release of remaining assets under section 250.[i]

Any assets or proceeds thereof which remain after the liabilities referred to in section 250(1) are discharged, shall be forthwith made over or paid to the person, from whose custody the assets were seized, in the presence of two respectable witnesses.

 

[i] This Rule was inserted by N No. 22/2026 dt. 20-03-2026 wef 01-04-2026.