Power to sell perishable property :
Section – 459. If the person entitled to the possession of such property is unknown or absent and property is subject to speedy and natural decay, or if the Magistrate to whom its seizure is reported is of opinion that its sale would be for the benefit of the owner, or that the value of such property is less than [five hundred] rupees, the Magistrate may at any time direct it to be sold; and the provisions of sections 457 and 458 shall, as nearly as may be practicable, apply to the net proceeds of such sale.
Latest posts by Tina Saha (see all)
- Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018. - November 16, 2018
- Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 30.09.2018 - November 14, 2018
- Seeks to amend notification No. 04/2017- Integrated Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) - November 14, 2018