https://www.taxtmi.com/caselaws?id=5631 Money deposited in court in execution proceedings continues to belong to the judgment-debtor until it is actually rateably distributed and disbursed to decree-holders. On that basis, a tax recovery application under section 226(4) of the Income-tax Act, 1961 remains maintainable while the funds are still in court custody, because the money is treated as belonging to the assessee until distribution under section 73 of the Code of Civil Procedure. Later payment to the decree-holder does not defeat an application already filed while the money remained undistributed. en-us Tue, 06 May 1997 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5631 Money deposited in court in execution proceedings continues to belong to the judgment-debtor until it is actually rateably distributed and disbursed to decree-holders. On that basis, a tax recovery application under section 226(4) of the Income-tax Act, 1961 remains maintainable while the funds are still in court custody, because the money is treated as belonging to the assessee until distribution under section 73 of the Code of Civil Procedure. Later payment to the decree-holder does not defeat an application already filed while the money remained undistributed. Case-Laws Income Tax Tue, 06 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5631