Government securities u/s. 46(5A)/226(3).

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Full Text of the Document

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....61 wherein the question of attaching Government securities u/s. 46(5A) has been dealt with. It was explained that when a Bank which also acts as a Public Debt Office holds Government securities on behalf of the assessee the real debtor is the Government and the Bank merely acts as the agent of the Government and the Bank cannot be said to be the debtor of the assessee. Consequently no notice u/s. ....