Recognition of legal representatives: ITO certificate lets deposit offices accept bond investments under voluntary disclosure without legal representation evidence. The waiver of documentary proof of legal representation for annuity deposits is extended to bonds purchased under the Voluntary Disclosure of Income & Wealth Act; the ITO in the deceased's case must issue a signed, sealed certificate naming the persons recognised as legal representatives for assessment purposes, and deposit offices will accept that certificate to recognise title in favour of the executor or legal heirs without insisting on separate legal representation evidence.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recognition of legal representatives: ITO certificate lets deposit offices accept bond investments under voluntary disclosure without legal representation evidence.
The waiver of documentary proof of legal representation for annuity deposits is extended to bonds purchased under the Voluntary Disclosure of Income & Wealth Act; the ITO in the deceased's case must issue a signed, sealed certificate naming the persons recognised as legal representatives for assessment purposes, and deposit offices will accept that certificate to recognise title in favour of the executor or legal heirs without insisting on separate legal representation evidence.
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