Laws and Bare Acts of India at

MyNation Foundation Online Law Library

Sch. II Part 2 Rule 41 – Income Tax Act, 1961

Income Tax Act, 1961





(1) Where the property to be sold is agricultural produce, the sale shall be held, – (a) If such produce is a growing crop – on or near the land on which such crop has grown, or


(b) If such produce has been cut or gathered – at or near the threshing floor or place for treading out grain or the like, or fodder-stack, on or in which it is deposited :


Provided that the Tax Recovery Officer may direct the sale to be held at the nearest place of public resort, if he is of opinion that the produce is thereby likely to sell to greater advantage.


(2) Where, on the produce being put up for sale, – (a) A fair price, in the estimation of the person holding the sale, is not offered for it, and 


(b) The owner of the produce, or a person authorised to act on his behalf, applies to have the sale postponed till the next day or, if a market is held at the place of sale, the next market day, the sale shall be postponed accordingly, and shall be then completed, whatever price may be offered for the produce. 


Previous | Next


Income Tax Act, 1961 


Indian Laws – Bare Acts

Leave a Reply

Your email address will not be published. Required fields are marked *

Not found ...? HOW TO WIN 498a, DV, DIVORCE; Search in Above link

All Law documents and Judgment copies
Landmark Judgments
Important SC/HC Judgements on 498A IPC
Rules and Regulations of India.
Copyright © 2021 Laws and Bare Acts of India at

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation