https://www.taxtmi.com/caselaws?id=6646 Section 226(4) of the Income-tax Act, 1961 was applied to uphold transfer of money lying in court deposit to the Income-tax Officer. The amount had been admitted by the petitioner to belong to Mohamed Ibrahim, and Mohamed Ibrahim had also consented to its transfer to the tax department. The Madras HC further held that, even apart from that consent, the Magistrate was entitled to comply with the Income-tax Officer's demand under section 226(4). The request for return of the amount to the petitioner or for its continued retention in court custody was rejected, and the transfer in favour of the income-tax department was maintained. en-us Thu, 19 Aug 1965 00:00:00 +0530 Sat, 31 Jan 2009 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6646 Section 226(4) of the Income-tax Act, 1961 was applied to uphold transfer of money lying in court deposit to the Income-tax Officer. The amount had been admitted by the petitioner to belong to Mohamed Ibrahim, and Mohamed Ibrahim had also consented to its transfer to the tax department. The Madras HC further held that, even apart from that consent, the Magistrate was entitled to comply with the Income-tax Officer's demand under section 226(4). The request for return of the amount to the petitioner or for its continued retention in court custody was rejected, and the transfer in favour of the income-tax department was maintained. Case-Laws Income Tax Thu, 19 Aug 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6646