Section 525 — Income-tax Authorities to Hold Property | ITA 2025

Section 525 of the Income-tax Act, 2025 corresponds to FA 2024 (SOP) of the Income-tax Act, 1961. STATUTORY ARCHITECTURE Departmental SOP for custody of seized property; insurance / safekeeping; procedure for return. PRACTITIONER PLANNING…

Section 525 — - INCOME-TAX AUTHORITIES TO HOLD PROPERTY

Section 525 of the Income-tax Act, 2025 corresponds to FA 2024 (SOP) of the Income-tax Act, 1961.

Statutory text — Income-tax Act, 2025

( 1) Irrespective of anything contained in this Act,—

(a) it shall not be necessary to issue an authorisation under section 247 or make a requisition under section 248 separately in the name of each person;

(b) where an authorisation under section 247 has been issued or requisition under section 248 has been made mentioning therein the name of more than one person, the mention of such names of more than one person on such authorisation or requisition shall not be deemed to construe that it was issued in the name of an association of persons or body of individuals consisting of such persons.

(2) Irrespective of an authorisation issued under section 247 or a requisition made under section 248 mentioning therein the name of more than one person, the assessment or reassessment shall be made separately in the name of each of the persons mentioned in such authorisation or requisition. Bar of suits in civil courts.

STATUTORY ARCHITECTURE

Departmental SOP for custody of seized property; insurance / safekeeping; procedure for return.

PRACTITIONER PLANNING NOTES

Cross-reference: Standard Operating Procedure issued by Directorate of Income-tax (Investigation).

CROSS-REFERENCES

s. 533 [295] -- Rules.
s. 535 [298] -- Removal of difficulty.
s. 536 [Repeal] -- Saving clause.

← All sections (537)Act 2025 hub

INCOME-TAX ACT, 2025	INCOME-TAX ACT, 1961
2025 provision	1961 counterpart
s. 525 -- Income-tax Authorities to Hold Property	FA 2024 (SOP)