Application of seized assets extended to completion of assessment, reassessment or recomputation; interest computation also aligned accordingly.

The amendment to section 132B extends the application of rules for assets seized under section 132 or requisitioned under section 132A to situations of completion of assessment, reassessment or recomputation, and makes the computation of simple interest in sub section (4)(b) applicable on completion of assessment, reassessment or recomputation.

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