The Third Schedule
Procedure for distraint by 99[R1] [Assessing Officer]
1[R2] [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 99[R3] [Assessing Officer] 1[R4] [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.
[R1]Substituted for “Income-tax Officer” by the Direct Tax Laws (Amendment) Act, 1989, w.r.e.f. 1-4-1988
[R2]Inserted,
by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989.
[R3]Substituted
for “Income-tax Officer” by the Direct Tax Laws (Amendment) Act, 1989, w.r.e.f. 1-4-1988
[R4]Inserted,
by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989.