Rule-112B, Release of articles under section 132(5) (IT Rules, 1962)
Rule-112B, Release of articles under section 132(5) (IT Rules, 1962)
[Release of articles under section 132(5).
Where in pursuance of sub-section [(5)] of section 132 of the Act, the assets or part thereof have to be released, the [Assessing Officer] shall forthwith deliver the same to the person from whose custody they were seized in the presence of two respectable witnesses.]
