Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rule 51: Receiver's property may be attached for failure to submit accounts; potential penalties for negligence.</h1> Rule 51 of the Income-tax (Certificate Proceedings) Rules, 1962 outlines the enforcement of a receiver's duties. If a receiver fails to submit accounts as directed by the Tax Recovery Officer, their property may be attached until compliance. The officer can investigate any dues or losses caused by the receiver's negligence and order payment within a specified period. Failure to comply can lead to recovery from the receiver's security or property sale. Additionally, the officer may withhold remuneration and charge interest on improperly retained funds, without affecting other potential actions against the receiver.
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