Section 29
Application of certain provisions of Income-tax Act.
The Recovery Of Debts And Bankruptcy Act, 1993
About this Act
An Act to provide for the establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions and for matters connected therewith or incidental thereto.
The provisions of the Second and Third
Schedules to the Income-tax Act, 1961 (43 of 1961) and the Income-tax (Certificate Proceedings) Rules,
1962, as in force from time to time shall, as far as possible, apply with necessary modifications as if the
said provisions and the rules referred to the amount of debt due under this Act instead of to the
Income-tax:
Provided that any reference under the said provisions and the rules to the assessee shall be construed as a reference to the defendant under this Act.
Provided that any reference under the said provisions and the rules to the assessee shall be construed as a reference to the defendant under this Act.